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Today's analysis will focus on NEAR, a Layer 1 and AI crypto project with a market cap of $3.17 billion, ranking 31st on CoinMarketCap.
📅 Daily Timeframe
In the daily timeframe, we can observe more detailed price movements.
💫 As seen, the main support at $3.615 has broken, and subsequently, a price box formed between $2.804 and $3.615. Coinciding with an RSI divergence, the floor at $2.804 broke, and the price dropped to $2.161.
🎲 Currently, the price is correcting back towards the $2.804 area. Market volume is rising, and the RSI divergence trigger has not yet been activated, indicating ongoing bearish momentum.
💥 If the RSI breaks the 50 area, the divergence could impact the market and eliminate the bearish momentum. This would be the first sign of a trend change, but the main ceiling at $3.615 must be broken to confirm a trend reversal.
📉 For short positions, breaking the $2.161 area is suitable, and if this area breaks, the price could drop to $1.682. For long positions, breaking $2.804 is a risky trigger, with the main trigger at $3.615 for a more solid position.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Today's analysis will focus on NEAR, a Layer 1 and AI crypto project with a market cap of $3.17 billion, ranking 31st on CoinMarketCap.
📅 Daily Timeframe
In the daily timeframe, we can observe more detailed price movements.
💫 As seen, the main support at $3.615 has broken, and subsequently, a price box formed between $2.804 and $3.615. Coinciding with an RSI divergence, the floor at $2.804 broke, and the price dropped to $2.161.
🎲 Currently, the price is correcting back towards the $2.804 area. Market volume is rising, and the RSI divergence trigger has not yet been activated, indicating ongoing bearish momentum.
💥 If the RSI breaks the 50 area, the divergence could impact the market and eliminate the bearish momentum. This would be the first sign of a trend change, but the main ceiling at $3.615 must be broken to confirm a trend reversal.
📉 For short positions, breaking the $2.161 area is suitable, and if this area breaks, the price could drop to $1.682. For long positions, breaking $2.804 is a risky trigger, with the main trigger at $3.615 for a more solid position.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。