NEAR Technical Analysis: NEAR price Eyes 15% Hike with $17.6 Breakout

The NEAR coin buyers approach the $17.6 resistance with breakout intention. However, will they succeed amid a negative divergence in RSI? Key technical points: The rounding bottom pattern governs the price action. The 1.76 resistance breakout would drive the coin price 15% high. Finally, the 24-hour trading volume of Near Protocol is $423.67 Million, marking a 127% rise. Past Performance of NEAR Responding to a rounding bottom pattern, the NEAR coin price witnessed a steady rally after rebounding from the $9.69 support. The bull run reached the $17.6 resistance level, registering an 82% ROI. Amid the recent sell-off in the crypto market, the buyers struggled to overcome the $17.6 ceiling, forming a minor consolidation phase. However, the coin price maintains an ascending trendline, which leads to the ongoing bullish rally. Source-Tradingview NEAR Technical Analysis The NEAR coin price bounced back from the dynamic support trendline with four consecutive green candles. So far, the recovery reflects a 15% gain and continues to approach the 17.6% overhead resistance. A bullish breakout from this resistance would indicate the buyers are ready for another leg higher. The rising crucial EMAs(20, 50, 100, and 200) reflect a solid bullish trend in a bullish sequence. Moreover, the 20-day EMA provides dynamic support for the occasional pullbacks. RSI Indicator: A bearish divergence on the daily-RSI slope undermines the buyer’s attempts...