NEAR Technical Analysis: $18 Breakout Razzes New ATH Creation

NEAR coin price action finds new bullish hope as the fresh buying spree breaks above the $18 mark. Will the spree continue to surpass $20? Key technical points: NEAR prices have increased by 24.32% in the past 24 hours. In addition, the RSI slope reenters the overbought zone. Finally, the 24-hour trading volume of Near Protocol is $2.120 Billion, marking a 0.82% rise. Past Performance of NEAR NEAR coin price survives the 10% fall observed earlier this week thanks to the psychological barrier at $15. The bears failed to get a closing below the psychological barrier, and the bulls pushed the prices. The bullish continuation accounts for more than 100% in the past month, with the current 8% follow-through candle joining the bullish engulfing candle of 14%. Source-Tradingview NEAR Technical Analysis NEAR coin price survives the selling observed in the market due to Bitcoin falling under $45K. However, as BTC prices hang on the 50-day EMA, altcoins rejoice in another bull run, as seen in Near protocol. The price action continues the rounding bottom formation with the neckline at the ATH of $20. The crucial daily EMAs maintain the bullish alignment resulting from the upside continuation in the daily chart. Hence, the price sustains above all the essential EMAs and will get the support of bullish aligned EMAs. RSI Indicator: The RSI slope reenters the overbought territory after hanging close to the 14-day SMA to sustain above the hal...