NEAR Protocol, as a high-performance blockchain platform, enables the rapid and efficient development of decentralized applications (dApps). NEAR Coin, the platform’s native cryptocurrency, is used for purposes such as paying transaction fees, securing the network, and staking. NEAR aims to create an attractive blockchain ecosystem for developers and users by offering scalability, user-friendly development tools, and an environmentally friendly structure. It also stands out with its fast transaction times and low costs, making it a popular choice for dApps and DeFi projects.
Chart Structure
- In the NEAR/USDT pair, there appears to be a short-term pullback from the significant resistance level at the $3.82 region. Closures below this level suggest that the $3.30 level may act as new support.
- Looking at the resistance zones, as I mentioned in the first paragraph, the $3.82 level is critical for the continuation of an upward movement. If we see closures above this level, we expect the gray box region and the $5.20 level to act as resistance for NEAR Coin.
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The information in this article does not provide any investment advice.