The post Near Protocol’s Crash Warns 23% Downside Risk To $3.52! appeared first on Coinpedia Fintech News
Amid the recent volatility in the altcoin market, the Near Protocol shows a bearish reversal gaining momentum. With a bearish engulfing candle turning the tides, crucial supports are at risk.
Will the bearish cycle in this altcoin result in a crash below $4 for an extended crash? Find out more about our NEAR price analysis.
NEAR Price Performance
With a market cap of $5.57 billion, the Near Protocol token is trading at $4.59. In the past 24 hours, the NEAR token price has declined by 6.03%, resulting in a drop in 7-day growth to 1.70%.
Currently, the bear cycle within the NEAR token price trend is testing a crucial support trend line. The support trend line completes a symmetrical triangle pattern in the daily chart.
TradingView
Furthermore, the bearish engulfing candle formed yesterday with a drop of 5.93% breaks below the 50-day EMA. However, the doji candle
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