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
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
