NEAR coin price action forms a bullish flag pattern after surviving the bearish attack all over the market. Will buyers bring an upside breakout? Key technical points: The RSI indicator shows a bearish divergence. The 50 and 100-day SMA give a bullish crossover. Finally, the 24-hour trading volume of Near Protocol is $1.40 Billion, marking a 2.35% fall. Past Performance of NEAR NEAR coin price shows a consolidation range forming between the $15 and $18 after a remarkable rise of 75% from the $10 mark. The accumulation range brings a bullish flag pattern into existence with long-tail formations near the $15 support level. Hence, the bullish momentum trapped within the pattern might shortly outgrow the pattern. Source-Tradingview NEAR Technical Analysis NEAR coin price shows a double bottom pattern forming within the range, indicating a potential breakout. However, the daily candle turning red, reflecting a 3% fall, reduces the chances for bullish players. The crucial daily SMAs (50, 100, and 200) regain the bullish formation with the positive crossover of the 50 and 100-day EMA. Therefore, the SMAs are ready to provide support at multiple levels. RSI Indicator: The RSI slope underperforms the 14-day average and shows a bearish divergence within the range formation. Hence, the possibility of a reversal to the ultimate support level at $15 increases. MACD Indicator: The reducing spread between the MACD and signal lines might shor...
