NEAR is a decentralized application that allows applications that can be allowed to use on the web. It runs on a Proof-Of-Stake (POS) mechanism that is called Nightshade. NEAR token can be used to pay fees for transactions and store data. Let us look at the technical analysis for the same.
<h2><strong>Past Performance </strong></h2>
On June 25, 2021, NEAR started trading at $2.15. As of July 01, 2021, the closing price of NEAR was $2.08. Thus, <a href="https://www.cryptoknowmics.com/news/near-technical-analysis-price-may-fall-below-the-support-levels-of-2-and-176/">in the past week</a>, the NEAR price has hardly been volatile. In the last 24 hours, NEAR has traded between $1.91 - $2.20.

<strong> <img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/k/kt3c9qcz.png" alt="https://s3.tradingview.com/snapshots/k/kt3c9qcz.png" width="873" height="602" /></strong>

<a href="https://www.tradingview.com/x/kt3c9qcz/">https://www.tradingview.com/x/kt3c9qcz/</a>
<h2><strong>Day Ahead And Tomorrow </strong></h2>
Currently, NEAR is trading at $2.08. The price has increased from the opening price of $1.9. Thus, the market looks bullish.

The <strong>MACD and signal lines</strong> are in the negative zone. Plus, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish and we can expect a price pullback. However, both the lines are close to the zero lines and may change signs soon. If buying pressure takes over the selling pressure we might witness a clear breakout on the upside for NEAR.

The<strong> RSI indicator</strong> is at 33%. It has risen from the 29% mark. Thus, it indicates that the buying pressure is high in the market. Hence, we can expect the price to rise for some time.

The price has been tested and fallen below the <strong>Fibonacci pivot point</strong> of $2.31. As some of the oscillators have shown bearish signals, we can expect the price to fall and test the first Fibonacci pivot support level of $2.20 soon.
<h2><strong>NEAR Technical Analysis </strong></h2>
The price has been tested and is currently trading below<strong> 23.6% FIB retracement level</strong> of $2.38. If the price falls below the <strong>23.6% FIB extension level</strong> it can test a level of $1.76. At some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.

However, if the price tests and rises above the <strong>23.6% FIB retracement level</strong> of $2.38. It can test the <strong>38.2% FIB retracement level</strong> of $2.76.

NEAR Technical Analysis: Price Has Been Tested, Currently Trading Below 23.6% FIB Retracement Level of $2.38

NEAR price has been tested and is currently trading below 23.6% FIB retracement level of $2.38. If the price falls below the 23.6% FIB extension level it can test a level of $1.76. At some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.However, if the price tests and rises above the 23.6% FIB retracement level of $2.38. It can test the 38.2% FIB retracement level of $2.76. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

NEAR Technical Analysis: Price Has Been Tested, Currently Trading Below 23.6% FIB Retracement Level of $2.38

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