Near Protocol (NEAR) Technical Analysis: Will NEAR Price Reach INR 1500 this Week?

Key Takeaways

• The NEAR price closed the previous day’s trade at INR 1,272.91 with a market capitalization of INR 10,64,00,00,000 and a circulating supply of 66,10,44,286 NEAR
• The bulls appear to have stepped in to sustain the price above the important resistance levels at INR 1277
• After an interim consolidation, the price is expected to continue its trade towards the north to register an upswing beyond INR 1,400

Near Protocol(NEAR) Technical-Analysis for Today: 04 April 2022

The NEAR price maintained a strong upswing ever since the beginning of April’s trade. Despite a couple of pullbacks, the asset is pretty bullish and in an attempt to regain the lost levels above INR 1,350. On the other hand, the bears are also extremely strong at the moment but hence the changes in the price bottoming below INR 1250 appear high. The price may remain consolidated throughout the day and try to gear up as the daily close approaches. 

NEAR /INR Technical-Analysis for Short-Term

Source: Tradingview

• The NEAR price since the beginning of the present month is following a steady uptrend within an ascending parallel channel
• After the price rebounded from the lower support a couple of times, it is attempting another strong flip at the moment
• Currently, the sellers remain a little distinct and hence a notable rebound may be expected in the next couple of hours
• Initially, with a flip, the asset may try to regain the levels at INR 1400 to test the neckline of the double-bottom pattern and ignite a notable leg up towards INR 1500 which is also the ATH.

Read detailed – Near Protocol Technical Analysis

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