Current view cryptocurrencies It does not promise a bright short-term future for and the expected surprise rally did not come. Although BTC’s last attempt to rise towards $65,000 was a good opportunity, the impulse of investors waiting for losses to escape with lower losses ruined everything. Moreover, new demand is weak. So what will happen to NEAR Coin?
NEAR Coin Comment
Sam from coins NEAR He benefited greatly from SBF before FTX crashed in November 2022. However, when it was revealed that FTX was ripping off its customers, the turbulent period began and he began to suffer much greater losses in bear markets. Sam is forgotten now BTC is showing weakness as a prisoner of negativity in its price. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Since August 24, the price has been falling steadily, and losses continue below the descending trend line. This trend line acts as resistance in favor of the bears, paving the way for deeper declines. If the resistance is not overcome, this meltdown may continue.
It is worth recalling once again that September has historically been a bearish month. This makes it a better option for buyers to wait on the sidelines for now. Moreover, while BTC has more than normalized movements below $58,000, the current state of the general market sentiment feeds historical biases even more.
NEAR Coin Price Prediction
NEAR‘s Aroon Down Line is above 85 percent. This shows that the downtrend continues strongly. It can reach 100 and this gives a bottom signal. After this signal, the risk of further decline continues, but a reversal is expected. For now, there is still more room for decline. On-Balance-Volume (OBV), as in many altcoins NEAR Another indicator confirming seller dominance for the coin.
With the decline at the end of August, the funding rate in futures shows that long positions are being opened. We have seen scenarios where such long accumulations were liquidated in altcoins before the rise. If the size of the positions increases, a trial to $4.47 may begin. In the opposite scenario, we may see a return from a new bottom after the liquidation of positions with a 23 percent decrease. BTC It is being sold for $57,900.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
