NEAR Technical Analysis: We Should Be Prepared To Fall

The NEAR cryptocurrency has been moving steadily in a flat-topped consolidation triangle since November 2021. With this formation, buyers are trying to buy all sellers at historic highs to continue their growth trend. Given the weakness of Bitcoin in recent times, the NEAR cryptocurrency is quite skillful. But what happens if the BTC price crosses the $38,000 mark? The risk of the BTC price fall will catch altcoin investors by surprise. And such events lead to panic and mass-market sales of cryptocurrencies. https://www.tradingview.com/x/g8GPgkRJ/ It is for this scenario that you should be prepared to buy NEAR in the range of $8.5. This liquidity zone confidently withstands all the blows of buyers since September 2021. Therefore, even with the total interception of the initiative by sellers breakout of $8.5 for the first time without a fight is unlikely. This fact will allow investors to assess the market situation and in case of weakness of buyers to get rid of their NEAR and expect a continued fall. However, the NEAR price fall below $8.5 is our alternative scenario. Technical Analysis Of NEAR On The Daily Timeframe https://www.tradingview.com/x/w1IlmHWW/ Analyzing the movement of the NEAR price on the daily timeframe, we can see the classic reversal of the short-term trend. The $18 mark was a turning point for buyers. After trying to break and take control of this mark, sellers became more active. This is clearly seen on th...