Near (#NEAR) bullish movement in the last three months; Slow and steady
After hitting its lowest price in 2022 (
$2.87 - blue circle), Near has been slowly moving higher. In this process, the price created higher lows (white lines) every time and experienced a 100% growth up to
$6.
The overall trend is bullish, but if the price fails to break the
$5.27 level, we can say that the upward trend has weakened.
The 30-day (blue) and 50-day (pink) moving averages can act as obstacles against Near price.
If the upcoming resistances break, we can expect the price to hit the 200-day moving average (light blue) in the price range of
$6 to
$7.
#OC7611699
@OctopusAnalysis
