As the day unfolds, NEAR presents an intriguing scenario in the cryptocurrency market. Positioned above its pivot price, NEAR appears poised for bullish progression. However, given the volatile nature of the crypto market, investors and traders should exercise caution, staying alert to both opportunities and potential risks.
NEAR Price Target Today
This November 20, 2023, NEAR Protocol (NEAR) is making waves in the cryptocurrency world, trading at $2.020 as of 3:17 am UTC. Its current price sits above the pivot price of $1.918, hinting at a bullish momentum, particularly after rebounding from yesterday’s low of $1.713.
This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE%3ANEARUSDT.P
NEAR Price Prediction Today
NEAR’s standing above the pivot price indicates a potential for continued growth. If the bullish trend persists, NEAR might first encounter resistance at $2.048. Further gains could lead to NEAR testing $2.129 and potentially striving towards a high of $2.259. However, the crypto market is notoriously volatile. In the event of a downturn, NEAR might find support at $1.788, then $1.707, and in a more significant drop, at $1.577.
NEAR Price Prediction Nov 20, 2023
Analyzing yesterday’s NEAR/USDT trading data offers crucial insights for today’s market predictions. NEAR moved between a low of $1.713 and a high of $2.054, showing resilience in the market. This pattern, coupled with today’s bullish start, suggests NEAR could potentially surpass its immediate resistance levels. Conversely, if the market sentiment shifts, NEAR might retreat to its support levels, following yesterday’s low trajectory.
NEAR/USDT Daily Chart Analysis for Yesterday
Yesterday’s NEAR/USDT chart shows significant market activity, with NEAR recovering from its daily low and closing near the high. If this recovery trend continues, NEAR might break through its current resistance barriers, using yesterday’s high as a preliminary target. On the flip side, a bearish turn could lead NEAR to test the support levels observed in yesterday’s trading.
Disclaimer: This NEAR price prediction is for educational purposes only and is not intended as financial advice. Investors should conduct their own research and consult with financial experts before making any investment decisions.