Near protocol Bullish Run resumption
Hello Merchants!
The NEARUSDT 1Day chart above shows a continuous price rejection after hitting an ATH. This rejection is supposed to consolidate at the $8.5 level as estimated by the volume weighted average price over the data period.
For price to remain at the $8.5 level, this means point A is a lower low while point B will be a higher low hence the resumption of the bullish run.
Also, using the fib trend extension tool, we could see price going back to levels above $12 next week.
The NEARUSDT 1Day chart above shows a continuous price rejection after hitting an ATH. This rejection is supposed to consolidate at the $8.5 level as estimated by the volume weighted average price over the data period.
For price to remain at the $8.5 level, this means point A is a lower low while point B will be a higher low hence the resumption of the bullish run.
Also, using the fib trend extension tool, we could see price going back to levels above $12 next week.
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