Working on the Proof-of-Stake (PoS) mechanism, which aims to provide scalability and low-fee options, and which has come up with many innovations and news recently. near When we examine the protocol from a technical point of view; In the last quarter of 2021, on December 21, it turned the trend again and started to rise by collecting buyers at about $ 8.50 levels.
NEAR managed to recover in a short time, especially in the face of BTC’s pullback, and since the first week of 2022, there has been a rise of about 150% from the $ 8.50 support zone.
In addition, when we look at NEAR in the weekly time frame, we can see that the year continues in an upward trend. The $30.8 and $43.01 resistance levels can be targeted if the weekly uptrend is sustained above the $20.6 level and holds above this zone.
However, if this region works and withdraws with the increase of selling pressure, the possible support levels of $ 7.74 and $ 5.7 can be followed.
In the short daily time frame, it will be healthier for both the increasing MACD level to separate from the current trend zone and give a downward signal and the price to correct by reacting from the upper rising trend zone for the continuity of the next rise.
If we accept the top and bottom prices in the uptrend as the top $20.7 and the bottom $7.5, the support levels in the possible retracement that will not disrupt the trend in this range will be $10.59 and $8.02.
To summarize briefly; As long as the daily and weekly uptrend continues, it can offer new buying opportunities.