NEAR Technical Analysis: Buyers Withhold $10 Barrier

NEAR prices form a bullish engulfing candlestick, reflecting a bullish fight back to avoid a downfall below the psychological barrier of the $10 mark. Key technical points: NEAR prices sustain above the $10 mark. The RSI values reverse from the oversold zone. The 24-hour trading volume of Near Protocol is $1.15 Billion, marking a 24% rise. Past Performance of NEAR NEAR coin price deflated 30% after the flag pattern fallout as the rally reached the $10 mark from $15 within a week. However, the buyers avoided a downfall below the psychological mark with a 14% overnight growth making a bullish engulfing candlestick. The bullish rally surpasses the 200-day EMA and approaches the $12 mark. Source-Tradingview NEAR Technical Analysis NEAR price action shows a sharp V-Shaped reversal from a psychological mark reflecting a potential fresh bull run. However, the recovery might show a post-retest turnaround from the $13.5 mark. On the other hand, a bullish breakout will help the trend reach the next psychological mark of $15. The bullish alignment of the crucial daily EMAs is under high selling pressure reflecting an increased possibility of bearish crossovers. However, the bullish reversal above the 200-day brings back the hope of upside continuation and avoids bearish crossovers. The RSI slope indicates a sharp reversal after a dip into the oversold zone to test the 14-day average line. Hence, the indicator reflects a rise in the under...