NEAR Technical Analysis: Will Buyers Create New ATH Above $20?

NEAR coin price shows the $0.25 retest rally surpassing the $0.30 mark as buying pressure grows. Will the uptrend reach the $0.40 mark? Key technical points: NEAR prices have increased by 5.51% in the past 24 hours. In addition, the prices surpass all the crucial daily EMA. Finally, the 24-hour trading volume of Near Protocol is $1.78 Billion, marking a 4.50% fall. Past Performance of NEAR NEAR coin price action shows a rounding bottom breakout rally in the daily chart, as forecasted in our previous article. In addition, the rally shows a phenomenal growth in underlying bullish momentum as it breaks above the $16.5 mark within a week of the $13.5 breakout. Source-Tradingview NEAR Technical Analysis The outstanding growth of 30% within a week of retesting the $13.5 breakout reflects a bullish outbreak in the NEAR/USD chart. Hence, the possibility of the uptrend crossing above the $20 mark to create a new all-time high is growing outstandingly. The crucial daily EMAs (50, 100, and 200-days) regain the bullish alignment with the 50 and 100-day EMA diverging to increase the spread. Moreover, the rising EMAs reflect the underlying growth in bullishness. RSI Indicator: The RSI slope surpasses the 70% boundary after moving sideways in the nearly overbought zone. The 14-day SMA provides constant support to the uptrend. Moreover, the lack of bearish divergence increases the chances of uptrend continuation. MACD Indicator: The MACD and ...