Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Neither bulls nor bears are dominating today, according to CoinStats.
NEAR/USD
NEAR is one of the biggest gainers today, rocketing by 14.31%.
Despite today’s sharp blast, the price of NEAR is falling on the hourly chart after a false breakout of the local resistance level of $4.612.
If nothing changes by the end of the day, the decline may lead to the test of the $4.20-$4.30 area tomorrow.
On the daily time frame, traders should focus on the bar’s closure in terms of yesterday’s peak. If it happens below $4.347, one can expect a drop to the vital zone of $4 by the end of the week.
On the bigger chart, there are no bearish signals yet as the price of NEAR keeps rising after a breakout of the $3.443 level. Until the rate is above that mark, buyers remain more powerful than sellers.
NEAR is trading at $4.422 at press time.