NEAR BTC NEAR Protocol Technical Analysis

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By Frans van Elst

NEAR Protocol logo In this NEAR Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for NEAR-BTC. NEAR Protocol is a decentralized platform that enables the development of scalable and interoperable applications. Its innovative sharding technology allows for faster and more secure transactions, making it an attractive option for users looking for a high-performance blockchain solution. With its focus on usability and interoperability, NEAR Protocol is poised to revolutionize the way we interact with decentralized applications.

NEAR Protocol Price Overview:

As of May 12, 2024, NEAR Protocol is trading at approximately 0.00011 BTC. Let’s dive into the detailed price action for NEAR-BTC:

Navigate challenges in realm of NEAR Protocol (NEARBTC) at 1.14e-04 BTC with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.00012
High (H) 0.00012
Low (L) 0.00011
Close (C) 0.00011
Volume (C) 74,023.20
  • Open (O): The opening price for today’s trading session was approximately 0.00012 BTC.
  • High (H): NEAR Protocol reached a daily high of around 0.00012 BTC.
  • Low (L): The daily low for NEAR-BTC was approximately 0.00011 BTC.
  • Close (C): At the time of analysis, NEAR Protocol is trading near its daily close of 0.00011 BTC.
Metric Value
1D Change (%) -1.13%
3D Change (%) -3.69%
7D Change (%) -2.55%
30D Change (%) 32.25%
90D Change (%) 68.58%
YTD Change (%) 32.14%

Over the past three days, NEARBTC has decreased by approximately -3.69%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.55%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NEARBTC maintaining an upward trend of approximately 32.25%, despite intermittent fluctuations. Examining the last 90 days, NEARBTC has witnessed substantial increase of approximately 68.58%, reflecting strong long-term confidence. Year-to-date, NEARBTC has steadily increased by around 32.14%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

NEAR Protocol Live Chart:

You can access a live price chart for NEAR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.61337.
  • Momentum score is 0.14761.

NEAR BTC Technical Analysis

NEAR Protocol Trading Volume:

The trading volume for NEAR Protocol (NEAR) over the past 24 hours has been insignificant, with approximately 74,023.20 BTC traded against NEAR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): NEAR is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): NEAR Protocol is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for NEAR-BTC is currently in the high zone, around 55.70459. This suggests that NEAR Protocol is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

NEAR Protocol (NEAR-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Navigate challenges in realm of NEAR Protocol (NEARBTC) at 1.14e-04 BTC with technical analysis pointing to bearish outlook and potential downturns.

For a deeper dive into the subject, don’t miss our comprehensive analysis on NEAR USDT NEAR Protocol Technical Analysis if you found this post intriguing.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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