1
The Bulls Initiated a recovery after the NEAR slumped below the 200 day EMA.
2
The daily NEAR/USD chart reveals the formation of an interesting bullish chart pattern.
3
On a bullish note, the NEAR protocol could rise over 35% if the price surpasses the recent hurdle of $5.75.
NEAR price is looking for a firm footing at the lower levels to recover recent losses. The bears dominated from the very 1st week of June. The price came under strong selling pressure, falling back towards the 200 day and psychological $5 level.
The weakness in the broader markets served as a fuel as NEAR dropped over 32% in the last couple of weeks. However, an interesting bullish pattern and neutral weighted sentiment points to a possible rise in the crypto. However, the selling pressure in the broader markets adds the risk of further decline in the price.
NEAR stands out as the 17th largest cryptocurrency with a live market capitalization of $
We współpracy z: https://www.thecoinrepublic.com/2024/06/24/will-near-protocol-look-for-bullish-reversal-or-continue-plunging/
