According to current data, $near
#NearBullish Protocol is trading at $6.74, with potential upside to $9.66, its nearest resistance level. If buying pressure persists, we might see a push towards the second resistance at $12.01. The 100-day SMA signals a buying opportunity around $4.35, suggesting a potential uptrend. However, caution is warranted as short-term indicators like MACD and the 10-day MA hint at selling pressure, necessitating careful evaluation.
On the downside, initial support lies at $4.29, and further weakness could lead to a test of the second support at $1.29. The market's uncertainty is reflected in neutral readings from RSI and Stochastic RSI, highlighting a lack of clear direction. Traders should approach with caution and await clearer signals before taking significant positions.