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Price movement in the NEAR protocol market has experienced significant volatility in recent times, contributing to the token reaching higher price levels. Today’s trading activity also appears promising, considering the already recorded price increases. Let’s take a closer look at the market below.
NEAR Statistics:
Current Near Protocol Value: $6.933
NEAR Market Cap: $7,173,020,439
NEAR Circulating Supply: 1,054,016,312
Near Protocol’s Total Supply: 1,183,924,574
NEAR CoinMarketCap Rank: 21
Key Price Levels:
Resistance: $6.933, $7.000, and $7.500
Support: $6.900, $6.500, and $6.00
Near Protocol May Recover from Previous Bearish Correction
Examining the NEAR daily market, one can observe that price action has been correcting towards higher levels ever since activity dipped below the green Guppy Moving Average (GMMA) lines. Although the ongoing session appears to have faced a setback with the appearance of the last price candle, technical indicators suggest that the market will likely recover from this minor deviation from the upward trend.
Additionally, the last red price candle on the chart remains above the GMMA lines. Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are currently trending upwards after a bullish crossover in the oversold region.
NEAR Market Poised to Break the $7.00 Mark
Turning to the Near Protocol’s 4-Hour market, it is evident that price action is targeting the $7.00 mark. However, the last price candle suggests potential rejection, as a short upper shadow appears above it.
Nonetheless, the current price of the token lies above the intercalating GMMA lines. Similarly, the SRSI indicator lines show an upward trend despite recent trading session fluctuations. Therefore, although chances may seem slim, traders may still consider crypto signals with targets around the $7.200 mark.
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