Near Protocol (NEAR) price shows strong signs of buying pressure as it leads the recovery rally with a 21% upswing in the last three days.
Near Protocol price has registered a 21% recovery rally after retesting the $2.57 to $2.70 resistance level. Investors can expect this bounce to continue until it retests the $5.87 weekly hurdle. A decisive three-day candlestick close below $2.57 will invalidate the bullish thesis for NEAR. Near Protocol price has shown clear signs of flipping the $2.70 resistance level into a support floor. This development confirms interest from sidelined buyers, willing to accumulate NEAR.
Despite the short-term correction, Near Protocol price has recovered quickly and rallied 21% in the last three days and currently trades at $3.09. The three-day Relative Strength Index has also had a clea bounceoff the 50-mean level,addingcredence to the possibility of a bounce. The Awesome Oscillator has also started the first green histogram above the zero level, suggesting a comeback in bullish momentum.
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