June 2022, for the NEAR cryptocurrency, will be remembered for an unpleasant fact – the loss of the global initiative of buyers in the market. Starting from 2 November 2020, the NEAR price has been moving upwards. Sellers have tried three times in almost 2 years to take control of the trend line of buyers. They succeeded for the third time. The weekly candle from 6 June broke the limit orders of buyers down and firmly secured below the mark of $5.2. This mark was kept for 4 weeks, starting from 9 May. Source: https://www.tradingview.com/x/wea2EJnX/ During these 4 weeks, buyers could not do anything to realize even a small price rebound in the weekly timeframe. The result is the approximation of the NEAR price to $2.5. This mark is interesting because in May 2021 from $2.5 buyers aggressively began to slow down the downward trend. Although in the weekly timeframe, buyers failed to completely stop the fall of NEAR at this point, the momentum subsided and the price turned. Given the possibility of Bitcoin updating the local low even before the end of the trading week on 20 June, we believe that the scenario of the NEAR price fall to $2.5 is quite real. It is in the range of this mark that you can buy NEAR in the long run. NEAR Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/gWamYKak/ Analyzing the movement of NEAR price on the daily timeframe, we can see the total weakness of market participants. T...
Why Story (IP) Is Up Today?
