Key assistance levels: $ 13
Key resistance levels: $ 18
NEAR managed to make big gains, reaching nearly $ 18 on January 4 as most of the crypto market was on a downtrend. Since then, the price has successfully retested the $ 13 support level, and NEAR looks set to attempt a new all-time high after hitting $ 16 today.
So far, the resistance at $18 has prevented the cryptocurrency from breaking a new record, but this key level is being put under pressure by the bulls.
Technical indicators
Trade volume: sThe high buying volume over the past two days has pushed ALMOST to $ 16. If this continues, then a key resistance test becomes likely.
RSI: The daily RSI is making higher lows and is currently moving up. This is bullish, and only a rejection at the key resistance can stop this momentum.
MACD: Daily MACD made a bearish cross last week, but that didn’t stop NEAR from holding onto key support. Since then, the moving averages and MACD histogram have rallied, indicating that a reversal may be in play towards the bullish side.
Bias
The bias for NEAR is bullish. Despite a difficult start in January, the cryptocurrency has held well, and this is a sign of strength.
Short-term price prediction for NEAR
Given the current momentum, NEAR appears keen to break key resistance at $ 18. If successful, it will go into price discovery, and anyone can guess what would happen after that.
