Comprehensive NEAR Protocol (NEAR) Analysis with Latest Data from CoinGecko
1. Latest Data from CoinGecko
• Current price: $3.89
• Market capitalization: $4.31 billion USD
• 24h trading volume: $185.94 million USD
• 24h high: $4.03
• 24h Low: $3.85
• 24h price change: -$0.135 (-3.34%)
• Circulating supply: 1,107,181,322 NEAR
• Maximum total supply: No information available
• All-time high (ATH): $20.44 (down 80.97% from ATH)
• All Time Low (ATL): $0.527 (up 638.39% from ATL)
2. Get News Updates from Primary Sources
1. Investing:
• Recent news shows that NEAR Protocol continues to expand its ecosystem with many DeFi and NFT projects being deployed on the platform. This creates long-term growth potential, but the price is still adjusting due to the influence of the general market.
2. Bloomberg & Reuters:
• Bloomberg reported that NEAR Protocol is actively looking for strategic partners to scale. Reuters reported that NEAR is an attractive option for DeFi developers due to its advanced infrastructure and low transaction fees.
3. Reddit:
• The NEAR community on Reddit is discussing the new updates to the network and NEAR's potential to become one of the leading blockchain platforms. However, the community remains concerned about the short-term price situation.
3. Comprehensive Analysis According to Stocknai
Qualitative Analysis
• Market Factors: NEAR Protocol is becoming one of the leading blockchain platforms with the integration of many DeFi and NFT projects. Scalability and low transaction fees are NEAR's strengths.
Quantitative Analysis
• Market capitalization: With a market capitalization of over $4.31 billion, NEAR ranks 25th in the cryptocurrency market, demonstrating stability and long-term growth potential.
• Trading volume: 24h trading volume shows steady interest from investors, despite the price correction trend.
Technical Analysis
• MA (Moving Average): The current price of NEAR is fluctuating around important MA lines, which shows that the market is finding a balance point and may continue to fluctuate in a narrow range before determining a new trend.
• RSI (Relative Strength Index): The current RSI is at an average level, indicating that the market is in a state of balance, with no clear signs of overbought or oversold.
• MACD (Moving Average Convergence Divergence): MACD has not shown a strong signal of an uptrend or downtrend, need to monitor further to determine the next direction.
Volume Analysis
• Trading volume: The stability in trading volume shows that investors still maintain confidence in the project, although there has not been a clear explosion.
4. Investment Recommendations
• Upside Probability: Based on qualitative, quantitative and technical factors, the upside probability of NEAR in the short term is around 55-60%.
• Investment strategy:
• If already in: Continue to hold the current position, but pay attention to signs of resistance near $4.00. If the price breaks this level, consider holding the position to wait for a higher price.
• If not yet in the order: Consider entering the order if the price corrects to the support level around $3.85 and there is a clear reversal signal. Be careful with the stop loss below $3.75.
5. Conclusion
NEAR Protocol is currently in a period of finding stability with a possibility of a slight correction before determining a new trend. Attention is focused on the ability to break through the $4.00 resistance level, which will determine the next direction of the market. Investors should manage risks closely and closely monitor market developments to adjust their investment strategies accordingly.
