NEAR Technical Analysis: Support at $7.6 to Start an Uptrend, Higher Highs Were Seen Every Day After That

Let us look at the technical analysis of NEAR.

Past Performance

On 14 October 2021, NEAR started trading at $7.24. The price took support and an uptrend started. It closed at $8.71 on 20 October 2021. This was a change of 20.3% across the week.

NEAR Technical Analysis

The candles took support at $7.6 to start an uptrend. Higher highs were seen every day after that. The current trading price of NEAR is $8.67, which is 0.69% down from yesterday.

OBV is showing an uptrend with a dip at the end of the graph. This shows that the selling pressure is beginning to dominate the buying pressure, and this can be a bearish sign. The traders may take a short position.

RSI is currently at $59.45. Its graph is again similar to the graph of OBV — an uptrend with a dip at the end. This can be a bearish signal if this dip continues.

MACD is showing a positive signal and confirming the last week’s uptrend as well. The height of the histogram is increasing and both the lines are moving in the positive direction. The traders may take a long position based on this.

Day-Ahead and Tomorrow

Fib retracement shows that the NEAR price took support from the fib pivot at $7.65. The next fib level is at $9.11.

Thus, the indicators are giving mixed signals. The traders may hold their current positions with a target at $9.3 and stop-loss at $8.43.