NEAR Price Analysis for December 13

NEAR Price Analysis for December 13
Cover image via www.tradingview.com

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Most of the coins keep facing a correction; however, there are some exceptions to the rule, according to CoinStats.

NEAR chart by CoinStats

NEAR/USD

The rate of NERA has dropped by 4% over the last 24 hours.

Image by TradingView

Despite today’s fall, the price of NEAR is looking bullish on the hourly chart. If the rate can get back to the local resistance of $2.272, there is a chance to see a breakout tomorrow, followed by a move to the $2.30-$2.350 zone.

Image by TradingView

On the bigger time frame, the rate of NEAR has made a false breakout of the support level of $2.162. If today’s bar closes far from it, one can expect a bounce back to the $2.4 area soon.

Image by TradingView

From the midterm point of view, buyers could not sustain the rise after the last bullish bar. 

If the candle closes around the current prices, there is a possibility to see sideways trading in the area of $2-$2.5 for the next few weeks.

NEAR is trading at $2.230 at press time.

Source: https://u.today/near-price-analysis-for-december-13