Okay. While the crypto markets have been at a steady decline for over a month. I'm taking a look at the NEAR/USDT pair on Binance.
At the moment, price is currently testing the support at $1.709 . The last time this level was tested was on 26th June 2021 and it held the selling pressure before price went to test upward resistance at $2.333, it couldn't breakout and it's now back to the support level thanks to the overall market dip.
If the support at $1.709 doesn't hold up again like the last time, we would see the price drop sharply to the next support zone - $1.25 - $1.52.
otherwise expect a price between 1.83 - 2.2 (as long as
BTC respects itself.)
Also, RSI is at 34 indicating that the price is at an oversold region. worth watching to see how it plays out.
At the moment, price is currently testing the support at $1.709 . The last time this level was tested was on 26th June 2021 and it held the selling pressure before price went to test upward resistance at $2.333, it couldn't breakout and it's now back to the support level thanks to the overall market dip.
If the support at $1.709 doesn't hold up again like the last time, we would see the price drop sharply to the next support zone - $1.25 - $1.52.
otherwise expect a price between 1.83 - 2.2 (as long as
BTC respects itself.)Also, RSI is at 34 indicating that the price is at an oversold region. worth watching to see how it plays out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.