Near protocol retraces and resumes another bullish bias
Hello Merchants of Near Protocol!!!
Here is a new week and we are all aware that Near Protocol keeps holding onto its bullish bias against BItcoin’s bearish price movement.
This analysis is aimed at predicting Near protocol’s next move and possible areas of value in comparison with Bitcoin’s current price position.
After the breakout above the resistance level at $18, the RSI showed a continuous bullish flow and is still below the overbought region.
With BTC at 42.7k currently, Near Protocol is still holding prices above the $18.
The RSI for NEAR/BTC shows a bearish flow with a reduced bullish pressure hoping to balance the last price breakout and bring price to the current support at $18 before resuming a new bullish impulse to the next resistance level at $22.6
Nonetheless, RSI at 68% could still be bullish until 80%.
Good buy positions still at $17.1 and $18.0
For long term Hodlers, now is still a good entry for Near Protocol because price is definitely going higher.
NFA
Goodluck Trading!
Here is a new week and we are all aware that Near Protocol keeps holding onto its bullish bias against BItcoin’s bearish price movement.
This analysis is aimed at predicting Near protocol’s next move and possible areas of value in comparison with Bitcoin’s current price position.
After the breakout above the resistance level at $18, the RSI showed a continuous bullish flow and is still below the overbought region.
With BTC at 42.7k currently, Near Protocol is still holding prices above the $18.
The RSI for NEAR/BTC shows a bearish flow with a reduced bullish pressure hoping to balance the last price breakout and bring price to the current support at $18 before resuming a new bullish impulse to the next resistance level at $22.6
Nonetheless, RSI at 68% could still be bullish until 80%.
Good buy positions still at $17.1 and $18.0
For long term Hodlers, now is still a good entry for Near Protocol because price is definitely going higher.
NFA
Goodluck Trading!
