Near Protocol (#NEAR)

NEARUSDT

Perpetual

4.07

+0.69%

$NEAR Protocol has been trading within a decisive pattern that keeps bullish and bearish hopes alive. Although the latest pullback dragged the levels below the range, the bulls managed to push the levels higher, suggesting the revival of a decent uptrend.

NEAR price has reclaimed levels within the triangle and despite decent selling pressure, the rally is expected to bounce back to the resistance around $4.5. The MACD has undergone a bullish crossover but is yet to validate the move. Therefore, after a brief consolidation, the price is expected to maintain an upward consolidation and reach the top, which could further trigger a breakout above $6.

Litecoin ($LTC )

LTCUSDT

Perpetual

62.14

+1.22%

Litecoin price is approaching the edge of a descending consolidation but within a bullish pattern. The recent rejection from resistance is poised to trigger a strong rally as technicals have bounced in favor of the token.#LTCprice has reached the lower Bollinger bands, which are running parallel to the upper bands.

This suggests a drop in volatility, which could be subjected to further tightening. Furthermore, the MACD remains within the negative range, heading for an upside breakout. Therefore, after a brief consolidation, Litecoin price seems ready to break above the descending wedge and enter the resistance zone between $66 and $67. However, with the start of the last quarter, the market dynamics are expected to change, which could push the price beyond $75.

Injetivo ($INJ )

INJUSDT

Perpetual

18.896

+3.9%

Injective price is also trading inside a descending wedge, similar to Litecoin. While the difference lies in the fact that#INJprice has already broken out of the range. However, the previous attempt resulted in a fakeout and hence, a rally above the interim resistance zone may eliminate the possibility of a bearish pullback.

Observing the RSI suggests trading levels within a decisive symmetrical triangle, which usually attracts bullish volume. As the RSI continues to accumulate, the price is also expected to consolidate just above the support zone between $18.23 and $18.76. However, a rally to $30 seems imminent in Q4 after breaking above the resistance zone between $28.05 and $28.90.