Skip to main content

After reaching an all-time high, will NEAR continue to decline?

 


The cryptocurrency market started the new year the same way it ended in 2021, with some coins performing well while others continued to underperform.

The cryptocurrency market has seen mixed performances in the past few weeks. Bitcoin and the other major cryptocurrencies have underperformed, while some altcoins have rallied.

Bitcoin is still trading below the $ 50,000 level and has had a hard time breaking the main resistance level above $ 48,000. Ether is trading above the $ 3,800 mark and has continued to struggle to break the $ 4,000 resistance level for the past few weeks.

However, one of the top performers in the market over the past few weeks is NEAR. The native token of the Near protocol reached a new all-time high of $ 17.60 a few hours ago, after having gained more than 20% in value in the past few days.

However, the price of NEAR has fallen more than 5% since hitting its new all-time high. The value of the cryptocurrency could drop below the $ 14 mark in the coming hours as it drifts away from its all-time high.

The current downtrend in the broader market could affect the performance of NEAR and its value could fall further in the coming hours.

An overview of important levels

The NEAR / USD 4-hour chart is still bullish despite the recent slump in cryptocurrency. The technical indicators show that NEAR is doing great after hitting an all-time high, but it could decline further should the bulls fail to regain control.

The MACD line is above the neutral zone, indicating strong positive momentum. Meanwhile, the RSI of 55 shows that there is currently still buying pressure on NEAR. If current market momentum is maintained, the value of NEAR could fall below the first major support level of $ 15.63 in the coming hours.

In the event of prolonged bearish performance, NEAR could soon decline towards the USD 13.40 support level. However, should the bulls regain control, NEAR would hit a new all-time high above $ 18 in the next few hours. NEAR will need the support of the broader cryptocurrency market if it has a chance to break the psychological $ 20 mark anytime soon.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more