NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times. NEAR price trades in a range as the price looks set for a retest of key support areas. The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe. Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether (USDT). Near Protocol has shown little or no glimpse of relief bounce as the price aims for a retest of its support region at $3. With the current market looking more promising ahead of more relief bounces from altcoins, there are doubts about Near Protocol as the price isn’t as promising as others. (Data from Binance) Related Reading: Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022 Near Protocol (NEAR) Price Analysis On The Weekly Chart Most crypto projects have found relief in the new month, with altcoins such as BTC, ETH, and even XRP continuing to show strength after weeks of downtrend movement. The price of NEAR is not looking promising as it continues to move in its downtrend range despite attempting to break $6 and trend above this resistance. Following a rejection from $6, the price retested its $3.5 support area. Since then, the price has struggled to recover and trend a...
