<b><i>The NEAR coin price continues to resonate within the crucial 200 and 100-day EMAs. Will sellers drive down the 200-day EMA?</i></b>

<span style="font-weight: 400">The Near Protocol was developed through the community, which is updating the original code and is releasing updates to the ecosystem. </span><span style="font-weight: 400">The goal stated by the community is to create an infrastructure that is "secure enough to manage high-value assets like money or identity and performant enough to make them useful for everyday people."</span>

<span style="font-weight: 400">Let us move ahead to read about Near Protocol technical analysis.</span>
<h2><b>Past Performance of NEAR</b></h2>
<span style="font-weight: 400">The NEAR coin price shows a consolidation move below the crucial horizontal zone of $12 and $10 in the daily chart. Moreover, the price action <a href="https://www.cryptoknowmics.com/news/near-technical-analysis-downfall-brings-more-discounted-prices/">shows</a> long-tail formation close to the $10 mark indicates lower price rejection. </span>

<img src="https://s3.tradingview.com/snapshots/y/Y6jyl2Yz.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/Y6jyl2Yz/"><span style="font-weight: 400">NEAR/USD Daily Chart</span></a>
<h2><b>NEAR Technical Analysis</b></h2>
<span style="font-weight: 400">The previous bullish attempt by the NEAR coin price failed to rise above $12 resulting in a downfall of 8.14%. Moreover, the 20% fall in the intraday trading volume reflects the bullish failure. </span>

<span style="font-weight: 400">The crucial </span><b>Exponential Moving Averages</b><span style="font-weight: 400"> maintain a bullish alignment with the 200-day EMA providing dynamic support. However, the sellers at the 100-day EMA fuel the consolidation range.</span>

<span style="font-weight: 400">The </span><b>Stochastic RSI Indicator</b><span style="font-weight: 400"> shows the rising K and D lines attempting to exit the oversold zone. However, the increasing proximity of the lines increases the chances of a bearish crossover.</span>

<span style="font-weight: 400">The </span><b>RSI Indicator </b><span style="font-weight: 400">at 38% shows the slope sustaining below the central mark in the daily chart. Moreover, the 14-day SMA breaks below the 50% line, reflecting a solid underlying bearishness.</span>

<span style="font-weight: 400">Therefore, the technical indicators reflect the momentary growth in bearish trend momentum. However, the dynamic support of the 200-day EMA to NEAR coin might result in a bullish breakthrough.</span>
<h2><b>Upcoming Trend</b></h2>
<span style="font-weight: 400">The NEAR coin price continues the sideways movement within the crucial 200 and 100-day EMAs in the daily chart. Therefore, closing below any of the EMAs will generate an entry spot for traders.</span>

<span style="font-weight: 400">Buyers can observe the price reach the target of $13.5 in case of a bullish breakout above the consolidation range. However, the fallout of the accumulation zone will drive the prices below the 200-day EMA to $8.5.</span>

At the time of writing, TradingView sustains a bearish view for the NEAR token and gives a "SELL" signal.
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<div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/symbols/NEARUSD/technicals/" target="_blank" rel="noopener"><span class="blue-text">Technical Analysis for NEARUSD</span></a></div>
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NEAR Technical Analysis: Consolidation Within EMAs Continue

The NEAR coin price continues to resonate within the crucial 200 and 100-day EMAs. Will sellers drive down the 200-day EMA?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

NEAR Technical Analysis: Consolidation Within EMAs Continue

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