Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The correction has not lasted long as most of the coins are back to the green zone.
NEAR/USD
The rate of NEAR has increased by 8.44% since yesterday.
Despite today's rise, the rate of NEAR is looking bearish on the local chart. The price has set a support level of $1.434.
If the decline continues to that mark until the end of the day, traders are likely to see a test of the $1.40 zone tomorrow.
On the daily chart, the rate of NEAR has made a false breakout of yesterday's candle peak. If today's bar closes far from the area of $1.5, bears might locally seize the initiative, which might lead to a drop to the $1.3-$1.4 zone soon.
From the midterm point of view, the price has almost reached the resistance level of $1.6. Now, one should pay attention to the bar's closure. If it happens near that mark, growth may continue to the $1.8-$2 range within the next weeks.
NEAR is trading at $1.462 at press time.
Arman Shirinyan
Alex Dovbnya
