Recent data suggests:
* Price correction: After a recent rally, NEAR is undergoing a correction, which could be a healthy sign for further upside.
* Support levels: The price is above a key support zone, indicating potential for a recovery.
* Indicators: Moving averages indicate a long-term positive trend, while short-term ones may signal uncertainty.
* Trading volume: Increasing volume during a price decline may indicate investor interest in buying at discounts.
What to expect next?
Much depends on the overall market sentiment and news about NEAR. However, taking into account fundamental factors and technical analysis, we can assume:
* Consolidation: The price may consolidate within the current range in the near term before making the next move.
* Upward breakout: If the bulls can overcome the resistance, the price may resume its rise to previous highs.
* Correction: If the negative pressure intensifies, the price may continue to decline to lower support levels.
Conclusion:
NEAR looks promising in the long term, but short-term fluctuations could be significant.
