The NEAR project has attracted much attention in the crypto market in recent years, and its price fluctuations have also attracted the interest of a large number of investors.
However, the recent market trend does not seem optimistic. After falling below the key technical indicators, whether the NEAR price can rebound has become the most concerned issue for investors.
This article will analyze NEAR's technical indicators and market patterns at the daily level in detail, interpret current market signals, explore possible future trends, and provide investors with effective risk response strategies. Whether you are a novice investor or an experienced trader, this article will provide you with valuable market insights and operational suggestions.
1. Moving average analysis:
On the daily level, NEAR's 20-day moving average has crossed below the 50-day and 100-day moving averages and is moving towards the 200-day moving average. The 20-day and 50-day moving averages show a nearly vertical downward trend, indicating that market sentiment and price trends in the short term are relatively pessimistic.
2. 200-day moving average test:
Currently, the price of NEAR has fallen below the 200-day moving average and is rebounding to test whether it can regain the 200-day moving average. This level has an important impact on the subsequent trend. If it fails to break through and stabilize above the 200-day moving average, it may continue to fall.
3. Morphological analysis:
On the daily chart level, NEAR has formed an M top, which is a typical bearish pattern, indicating that there may be further downside risks in the future.
4. Market influencing factors:
Next, we need to pay close attention to the trend of Bitcoin. As the vane of the entire crypto market, the trend of Bitcoin and Ethereum will have an important impact on NEAR. If the market weakens, the price of NEAR will most likely continue to fall sharply and enter a long-term consolidation trend.
5. Technical indicators:
The MACD signal is below the zero axis, indicating weak market momentum. At the same time, the RSI index is 39, which is close to the oversold range but has not yet fully entered, indicating that market sentiment is still biased towards selling.
6. Short-term pullbacks and trading volume:
Although NEAR has experienced a technical correction after an oversold price in the short term, this is not enough to change the overall downward trend. It is necessary to pay close attention to changes in trading volume. If the trading volume gradually decreases, corresponding risk response strategies need to be prepared to prevent further price declines.
In summary, NEAR is currently in a technical rebound phase, but the overall downward trend is still obvious. In this case, investors need to pay close attention to the trend of Bitcoin and changes in trading volume, and make corresponding risk management strategies. #NEAR #NEARUSDT $NEAR
