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Near Protocol Chart Analysis and Price Analysis! We are evaluating the chart formation by the Near Protocol, the trends in the market, trading volume, and possible future moves.
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We did some minor research on the chart for the recent remarkable uptrend we caught in the Near chart. Our formation, known as the “Adam and Eve”, has met the conditions needed for completion, and the price has reached the neckline. If closure starts to occur above the neckline here, it’s possible to say the uptrend could continue because the chart can initiate an uptrend movement to fill in its “inducement” structure formed from the previous decline.
Coin Engineer, which was designed to develop blockchain and create applications. This platform provides infrastructure for smart contracts and decentralized applications (dApps). Coin Engineer is the cryptocurrency used on this protocol and enables transactions to be carried out within the platform’s ecosystem. Coin Engineer focuses on scalability, speed, and ease of use features, aiming to allow developers and users to create and use blockchain-based applications.
Besides, our target price determined should the “Adam and Eve” formation work out corresponds to the price band between 5.63 and 6.15. Considering there are no significant resistance points on the chart upon surpassing the neckline and the path is clear indicates the likelihood of rapid upward movements.
There is an excessive liquidation accumulation in Near and the market may shift to spot liquidation purchases. These movements can happen with sudden and small retracements. However, for the uptrend to continue, market makers will kick high leverages out of the game, which means small-scale retracements could be inevitable.
This situation could be bad news for those in the position, but those not in the position can take advantage of these declines and costs Near a lower fiat.
Near Protocol Market Data
Market Cap: $3,395,903,682
Market Cap Volume (24 hours): $688,674,906 (%203.29 increase)
Market Cap Volume / Market Cap (24 hours): 23.33%
Circulating Supply: 1,004,666,471 NEAR
Total Supply: 1,000,000,000 NEAR
Fully Diluted Market Cap: $2,938,035,725
Near Protocol Token can easily be bought and sold on Global Exchanges such as Binance, BitGet, Kucoin, Mexc,Huobi, and Gate.io. Also, if you wish to benefit from the discount link defined exclusively for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register for.