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NEAR Price Analysis for December 26

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NEAR Price Analysis for December 26
Price Analysis

Tue, 26/12/2023 – 18:00

NEAR Price Analysis for December 26
Cover image via www.tradingview.com

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Neither bulls nor bears are dominating today, according to CoinStats.

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NEAR chart by CoinStats

NEAR/USD

NEAR is one of the biggest gainers today, rocketing by 14.31%.

Image by TradingView

Despite today’s sharp blast, the price of NEAR is falling on the hourly chart after a false breakout of the local resistance level of $4.612. 

If nothing changes by the end of the day, the decline may lead to the test of the $4.20-$4.30 area tomorrow.

Image by TradingView

On the daily time frame, traders should focus on the bar’s closure in terms of yesterday’s peak. If it happens below $4.347, one can expect a drop to the vital zone of $4 by the end of the week.

Image by TradingView

On the bigger chart, there are no bearish signals yet as the price of NEAR keeps rising after a breakout of the $3.443 level. Until the rate is above that mark, buyers remain more powerful than sellers.

NEAR is trading at $4.422 at press time.

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