NEAR is an ERC20 token that runs on the Ethereum blockchain. The NEAR token has a total supply of 1 billion tokens, with 5% sold in the ICO and 85% remaining for circulation. The NEAR team plans to use the funds raised in the ICO to develop their platform, which will be running in Q2 2019.
The aave price prediction 2030 is a cryptocurrency that has an interesting future ahead of it. It has the potential to hit $6.5 soon, which would be a huge success for the coin.
- The range of bullish NEAR price predictions is $2 to $3.8.
- The price of NEAR may potentially hit $6.5 in the near future.
- The market price forecast for 2021 is $0.85, which is near negative.
We utilize statistics, price analysis, ADX, and other information about NEAR to evaluate the future trend of cryptocurrencies in NEAR Protocol (NEAR) price forecast 2021.
The NEAR protocol is a decentralized application framework for Internet-based applications. The network is based on the Nightshade Proof-of-Stake (PoS) consensus process, which is intended to offer scalability and predictable rates. NEAR is the native token.
At the time of writing, the NEAR price was trading at $1.8, with a 24-hour trading volume of $22,487,350, according to CoinGecko. NEAR, on the other hand, has risen by 6.6 percent in the past 24 hours.
In addition, there are 415,708,903 NEAR in circulation. NEAR is currently traded on Binance, OKEx, CoinTiger, Huobi Global, and FTX, among other cryptocurrency exchanges.
Price Prediction for NEAR Protocol (NEAR) in 2021
At the moment, NEAR is ranked 87th on CoinGecko. With a daily time period, NEAR price forecast 2021 is discussed below.
NEAR/USDT Daily Time Frame Price Chart (Source: TradingView)
A falling wedge is a bullish pattern that begins at a high point and shrinks as the price drops. This price movement, however, created a downward cone. When a trend’s highs and lows converge. This indicates that, as a result of the large amount of trading during this period, the price of NEAR will continue to increase and, in the not-too-distant future, will exceed its all-time high price.
If the price of the NEAR breaks the resistance level of $2 on the daily time frame chart, it will hit the targets of $3.54 and $6.5. Otherwise, the price of the NEAR breakthrough will fall to $1.35, which is the support level. As a result, the NEAR’s trend is predicated on the breakout.
APPROXIMATE SUPPORT AND RESPONSE LEVELS
The chart below depicts NEAR’s support and resistance levels.
Support and Resistance Levels for NEAR/USDT (Source: TradingView)
The resistance and support levels of NEAR are clearly visible in the above daily time frames.
- $2 is the first level of resistance.
- $2.95 for Level 2 Resistance
- $3.8 – 3rd Level of Resistance
- Level 1 Support – $1.5
- Level 2 Support – $1.2
- Level 3 Support – $0.85
NEAR has been on a bullish trend for the last month, according to the charts. If the current trend continues, NEAR may catch up with the bulls and break over the $3.8 resistance mark.
In the event that investors turn against cryptocurrency, the price of NEAR may drop to around $0.85, indicating a negative indication.
APPROXIMATELY Average Directional Index (ADX)
Let’s take a look at NEAR’s average directional index (ADX). It is linked to the Directional Movement Index and is used to assess the overall strength of the trend (DMI).
The oscillator has a 0 to 100 range. A high price also implies a strong trend, while a low price suggests a weak trend. It is often used in conjunction with directional indicators.
ADX NEAR/USDT (Source: TradingView)
The ADX of NEAR remains above the range of 22 in the chart above, indicating a weak trend.
Conclusion
NEAR is one of the few cryptocurrencies that has managed to hold its footing in the face of the bear market. Our long-term NEAR price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $7.56. However, this only occurs when NEAR overcomes a significant amount of previous psychological opposition.
Furthermore, the NEAR environment may have a bright future ahead of it in 2021, thanks to continuing improvements and enhancements. It may soon hit $5 and even higher levels, but it is more likely to reach $6.5 if investors believe NEAR is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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