In this NEAR Protocol (NEAR) Price Forecast 2024, 2024-2030, we will analyze the price patterns of NEAR using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
NEAR Protocol (NEAR) Current market status
What is NEAR Protocol (NEAR)
The NEAR protocol is a decentralized application platform designed for use by Internet applications. The network operates on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which is designed to provide scalability and stable rates. His native sign is NEAR.
NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR included features such as human-readable account names, as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dAppas and smart contracts without requiring a wallet.
NEAR Protocol 24H Technical
NEAR Protocol (NEAR) Price Prediction 2024
NEAR Protocol (NEAR) is ranked 26th on CoinMarketCap in terms of its market capitalization. The overview of the NEAR Protocol price forecast for 2024 is explained below with a daily time frame.
In the chart above, NEAR Protocol (NEAR) has outlined the rounding bottom. The closing bottom indicates a long-term reversal in price trends, typically observed after extended downward moves lasting weeks to months. Different from the cup and handle pattern, the round bottom does not have a temporary downward handle. The initial slope indicates an excess supply, which pushes prices down, but a shift occurs as buyers come in at lower prices, increasing demand. Once the closing bottom forms, a breakout indicates a new uptrend, suggesting a positive market reversal and a shift from bearish to bullish sentiment.
At the time of analysis, the price of NEAR Protocol (NEAR) was recorded at $4,055. If the pattern trend continues, the price of NEAR may reach the resistance levels of $4.407 and $7.659. If the trend reverses, the price of NEAR may fall to the support of $3.156 and $2.519
NEAR Protocol (NEAR) Resistance and Support Levels
The chart below gives the possible resistance and support levels of NEAR Protocol (NEAR) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of NEAR Protocol (NEAR) for 2024.
NEAR Protocol (NEAR) Price Prediction 2024 — RVOL, MA and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA) and Relative Strength Index (RSI) of NEAR Protocol (NEAR) are shown in the chart below.
From the readings on the graph above, we can make the following conclusions about the current NEAR Protocol (NEAR) market in 2024.
NEAR Protocol (NEAR) Price Prediction 2024 — ADX, RVI
In the chart below, we analyze the strength and volatility of NEAR Protocol (NEAR) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can draw the following conclusions regarding the price momentum of NEAR Protocol (NEAR).
Comparison of NEAR with BTC, ETH
Now let’s compare the price movements of NEAR Protocol (NEAR) with those of (BTC), and (ETH).
From the above graph, we can interpret that the price action of NEAR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of NEAR also increases or decreases respectively.
NEAR Protocol (NEAR) Price Forecast 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let’s forecast the price of NEAR Protocol (NEAR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Closure
If NEAR Protocol (NEAR) establishes itself as a good investment in 2024, this year will be favorable for the cryptocurrency. Finally, the bullish NEAR Protocol (NEAR) price forecast for 2024 is $7,597. In comparison, the bearish NEAR Protocol (NEAR) price forecast for 2024 is $1,584.
If there is a positive rise in market momentum and investor sentiment, NEAR Protocol (NEAR) could reach $10. Furthermore, with future upgrades and advancements in the NEAR protocol ecosystem, NEAR may surpass its current high (ATH) of $20.42 and mark its new ATH.
This content was originally published by our partners at The News Crypto.
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While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
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