NEAR Protocol Price Analysis: Will NEAR Surge to hit $3.24


  • First support level for NEAR Protocol is at $2.80.
  • NEAR Protocol’s EMA(10) shows a upward trend.
  • NEAR price flashes signs of bullishness on 7-days price chart.
  • Current NEAR Protocol Price is 7.27 dollars

28 March 2024 : In this article we will walk you through NEAR Protocol price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for NEAR Protocol, Is NEAR a good investment? NEAR Protocol support & resistance levels etc. But before diving deep into the NEAR technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,650,515,671,217. The total trading volume stands at $121,462,765,097. Bitcoin shares 52.23 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $70,398.37 level after an upward movement of 0.38%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.19 percent reaching to $3,570.67 during the previous 24 hours.
While publishing this blog, BNB traded at $584.52, following a price change of 1.07% within the same time frame. SOL the native coin of Solana is down by -1.6 and currently trading at $184.41. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

NEAR Protocol Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of NEAR Protocol (NEAR)

NEAR Resistance Levels NEAR Support Levels
Resistance Level 1 $3.24 Support Level 1 $2.80
Resistance Level 2 $3.45 Support Level 2 $2.56
Resistance Level 3 $3.69 Support Level 3 $2.35

NEAR Protocol Performance

According to Price Analysis Market Index, NEAR Protocol (NEAR) is trading at $7.27 with a trading volume of $485,126,767.00. However,NEAR has a price decline of -5.78% in the last 24 hours.NEAR price changes 9.81% over the week with a total market capitalization of $7,665,221,131.00 USD.

NEAR Protocol Price Analysis

NEAR price analysis for 28 March 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the NEAR Protocol.

Moving Averages Price Indicator
Simple Moving Average (10) 3.12 Buy
Exponential Moving Average (10) 3.11 Buy
Simple Moving Average (20) 3.34 Buy
Exponential Moving Average (20) 3.32 Buy
Simple Moving Average (50) 3.85 Buy
Exponential Moving Average (50) 3.82 Buy

The MACD line is standing below of the signal line after a crossover. NEAR Protocol investors need to wait for any directional change over the daily chart. The relative Strength Index (RSI) indicates that the NEAR coin is in oversold phase, as RSI is at 23. While NEAR’s Williams %R indicator is at -70.211 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

According to the NEAR Protocol (NEAR) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.