The technical chart indicates the overall trend for Near Protocol (NEAR) price is strongly bullish. The NEAR price has recently surpassed its previous All-Time High resistance near the $17 mark. The coin showed good sustainability above the new support($17), welcoming new levels under its reach.
Key technical points:
The NEAR price obtains strong support from the 20-EMA line.
Trend-based Fibonacci extension level shows $22 and $24.5 as important resistance level
The intraday trading volume in the NEAR coin is $1.71 Billion, indicating a 20% hike.
In our previous coverage of Near Protocol technical analysis, the coin price was retesting the $13 support. Though the price started to rally higher, the strong supply pressure at the $17 demand for another minor pullback.
After its second bounce from the $13 level, the technical chart displayed a double bottom pattern in the daily time frame chart. On January 11th, NEAR price provided a decisive breakout from the