NEAR Protocol (NEAR): How Does the Chart Look Monday?

Monday, January 30, 2023 10:18 AM | InvestorsObserver Analysts

NEAR Protocol receives a strong long-term technical score of 97 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. NEAR currently holds a superior long-term technical analysis score than 97% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving NEAR Protocol a 97 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

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Trading Analysis

The current trading price of $2.410000000 for NEAR is $0.4200000 (21.06%) above the coins 100-day moving average of $1.990000000. NEAR meanwhile is $1.1700000 (-692.86%) above its 52-week low of $1.240000000 and -$17.23000000 (-38.66%) under its 52-week high price of $19.640000000. NEAR Protocol's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 97. The price movement and range of NEAR suggest that investors are neutral on the coin at this time. NEAR Protocol has a market capitalization of $2,050,148,476.95 and a relatively high average daily volume with $1,403,605,066.60 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, NEAR's volume is below its seven day average with 153,276,011.77 exchanged. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for NEAR Protocol leads to the coin's a strong long-term technical score of 97 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on NEAR Protocol (NEAR).