NEARUSDT on the 6H is following its bearish trough, and needs a strong buying force to break the trough, in the region of 2,237.
In its favor, it has the MM200 which drives the price up to its region at 2383; the RSI which is highly bought and the MACD bullish.
On the 1H chart:
RSI: indecision between buyers and sellers
Brackets: : 2.062 / 20.52
Resistances: 2,101 / 2,116
NEAR in my view is a great promise for 2023, like Ethereum, the near Protocol employs sharding to ensure that nodes are not strictly necessary for its operation. This allows for infinite expansion of the system. Near Protocol could reach a market value of $40 billion if it continues to develop its network and encourage projects to develop within its ecosystem. Which is approximately 20 times the current level.
In its favor, it has the MM200 which drives the price up to its region at 2383; the RSI which is highly bought and the MACD bullish.
On the 1H chart:
RSI: indecision between buyers and sellers
Brackets: : 2.062 / 20.52
Resistances: 2,101 / 2,116
NEAR in my view is a great promise for 2023, like Ethereum, the near Protocol employs sharding to ensure that nodes are not strictly necessary for its operation. This allows for infinite expansion of the system. Near Protocol could reach a market value of $40 billion if it continues to develop its network and encourage projects to develop within its ecosystem. Which is approximately 20 times the current level.