Are you still heading higher, or is a correction approaching? ๐
NEAR coin is showing a positive performance today with a +7.00% increase, currently trading at 4.983 USDT.
๐ Technical reading and current data:
* Current price: 4.983 USDT
* Nearest peak: the price previously reached a prior high at 5.578 USDT before entering a correction and consolidation phase.
* Moving averages (MA):
* MA(7): at 4.835 (near-term support for the price)
* MA(25): at 4.898 (the price is trading around this breakout level)
* MA(99): at 4.613 (represents a very strong support line in the medium term)
* Order Book depth: we notice a clear dominance of buy orders at 60.38% versus 39.62% for sell orders, reflecting buying momentum and bullish sentiment among traders right now.
๐ฏ Key trading levels:
* ๐ด Resistance levels:
* First resistance: 5.000 USDT (psychological barrier)
* Second resistance: 5.578 USDT (breaking it opens the door to higher targets)
* ๐ข Support levels:
* First support: 4.830 โ 4.890 USDT (the fast moving averages zone)
* Strong support (to limit potential losses): 4.600 โ 4.590 USDT (near MA 99)
๐ก Overall outlook:
The coin is in an uptrend and consolidating above the main moving averages, but it must hold above 5.00 $ to retarget the previous peak at 5.57 $. If it fails to break the resistance, we may see a retest of the support zones around 4.83 $.
#NEAR๐๐๐ #BinanceSquareTalks #CryptoAnalysis๐๐๐๐ ๐ #cryptotrading #NEARUSDT
NEAR coin is showing a positive performance today with a +7.00% increase, currently trading at 4.983 USDT.
๐ Technical reading and current data:
* Current price: 4.983 USDT
* Nearest peak: the price previously reached a prior high at 5.578 USDT before entering a correction and consolidation phase.
* Moving averages (MA):
* MA(7): at 4.835 (near-term support for the price)
* MA(25): at 4.898 (the price is trading around this breakout level)
* MA(99): at 4.613 (represents a very strong support line in the medium term)
* Order Book depth: we notice a clear dominance of buy orders at 60.38% versus 39.62% for sell orders, reflecting buying momentum and bullish sentiment among traders right now.
๐ฏ Key trading levels:
* ๐ด Resistance levels:
* First resistance: 5.000 USDT (psychological barrier)
* Second resistance: 5.578 USDT (breaking it opens the door to higher targets)
* ๐ข Support levels:
* First support: 4.830 โ 4.890 USDT (the fast moving averages zone)
* Strong support (to limit potential losses): 4.600 โ 4.590 USDT (near MA 99)
๐ก Overall outlook:
The coin is in an uptrend and consolidating above the main moving averages, but it must hold above 5.00 $ to retarget the previous peak at 5.57 $. If it fails to break the resistance, we may see a retest of the support zones around 4.83 $.
#NEAR๐๐๐ #BinanceSquareTalks #CryptoAnalysis๐๐๐๐ ๐ #cryptotrading #NEARUSDT