您现在的位置是:Near Protocol gains 9% as bulls try to outwit bears at $4.2 >>正文
Near Protocol gains 9% as bulls try to outwit bears at $4.2
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛889人已围观
简介Near Protocol token surges 9% and reclaims $4.2Crypto recoveries and expected Ethereum Merge potenti...
Near Protocol token surges 9% and reclaims $4.2
Crypto recoveries and expected Ethereum Merge potential reasons for the surge
Momentum remains weak, but NEAR could start a bullish surge if it sustains $4.2
Near Protocol token NEAR/USD buyers are keeping hopes alive as the token reclaims $4.2. The level is the established support for the token of the Layer-1 network. In a single day, the token surged by more than 9%, erasing some previous losses. The gains took NEAR slightly above $4.2, but the momentum remained weak. Trading volume was also up 6.0% in 24 hours, highlighting increased buying pressure. So why is NEAR gaining?
A combination of factors could explain the recent recoveries in NEAR. A spot check indicates that the overall crypto sentiment is improving. Near Protocol is recovering in line with the crypto sentiment. Nonetheless, NEAR gains were above most cryptos. The Ethereum Merge, expected later this month, could be boosting Layer-1 blockchains.
Clearly, there is no specific event boosting Near Protocol token. However, to a technical reader, the current price is one to watch for the next few days.
Near Protocol token price action on the daily chart
Source – TradingView
NEAR trades at $4.6 after capturing the $4.2 level. The minor breakout could have caused the increased buying pressure at the support. A MACD crossover above the moving average is another bullish indicator for the cryptocurrency. The 20-day moving average has joined support. The price is yet to break above the 50-day MA.
Final thoughts
NEAR is a potential buy at the current levels as bullish signs emerge. We need to wait for a bullish confirmation after the close of the daily candlestick. If the candlestick crosses below, that could invalidate the bull call. It is nonetheless important to monitor NEAR at the $4.2 level.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4957.html
相关文章
Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term?
Near Protocol gains 9% as bulls try to outwit bears at $4.2Metaverse and blockchain gaming tokens are starting to come out of the crypto winter. Enjin Coin (EN...
阅读更多
Inflation spooks investors, cryptos finish the week strong
Near Protocol gains 9% as bulls try to outwit bears at $4.2Despite most cryptos being in the red over the past 24 hours, it has been a very positive week overa...
阅读更多
Ripple (XRP/USD) witnessing increased institutional inflows
Near Protocol gains 9% as bulls try to outwit bears at $4.2XRP accumulation intensified in the first week of the yearInvestors bank on Ripple’s win again...
阅读更多
热门文章
- Sierra Space's Dream Chaser spacecraft enters final testing phase at NASA
- iZUMi Finance officially unveils its veNFT DAO governance mechanism
- China tests world's largest, 600,000 ton, coal
- Ripple (XRP) starts massive consolidation in price
- World’s first suitcase
- Correlation models value Bitcoin in the range of $50k to $100k
最新文章
Weekly Roundup of Cryptocurrency News 05/02/2022
Ankr cracked top 100, up 8% today: here’s where to buy Ankr
Looking Glass Labs announces a strategic development partnership with Cavrnus
Indonesia intends to launch its own cryptocurrency exchange
Alameda wallets sell multiple tokens for Bitcoin
Solana (SOL) could crash by nearly 30% even after the recent bullish run