The NEAR price chart shows a bullish reversal with a double bottom breakout indicating a high breakout possibility of the falling channel pattern. Key technical points: The NEAR market value increased by 14.35% in the last 24 hours. The reversal hints at a bullish breakout of the falling channel. The 24-hour trading volume of Near Protocol is $330 Million, indicating a hike of 10.05%. Past Performance of NEAR NEAR prices have been falling within a bearish parallel channel formation after the rejection close to the $7.5 mark. The falling channel broke below the psychological mark of $5 before taking support at the descending trendline and the $4.75 mark. The downtrend accounts for a downfall of 38%, but the recent reversal pushes the price higher to the resistance trendline. Source-tradingview NEAR Technical Analysis The bullish reversal from $4.75 comes with a double bottom breakout and inflates the NEAR token price by 14% within 24 hours. However, the uptrend faces bearish opposition at the resistance trendline and $5.65 junction. The technical momentum indicators are reflecting a highly bullish vibe due to the overnight bullish reversal. The bullish crossover of DI lines and a slight turnaround of the ADX line indicate a trend reversal with a gradual rise in momentum. Additionally, there is the MACD indicator displaying the uptrend of fast and slow lines ready to cross into the positive territory. And the rising trend of bul...
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