Altcoin NEAR loses key support level. Next level to watch sits at the $1.7 price range. Can the promising altcoin turn bullish again soon? As the prices of promising crypto assets continue to
As the prices of promising crypto assets continue to move sideways, reputed analysts debate over the likelihood of higher and lower targets for Bitcoin, Ethereum, and other altcoins in the crypto market. At the moment, analysts are keeping a close eye on potential altcoins like FET and NEAR who are showing strong signs of surges. As NEAR loses key support level, bullish sentiments have taken a dive for the moment.
According to CoinMarketCap analytics, the price of NEAR is currently trading at $1.79, showing a small uptick in the green bullish direction. But when we look at the longer term charts, the asset is down by over 6.9% over the last 7 days, down by 1.65% over the last 30 days, and down by over 37% over the last 30 days. Analysts are now debating over the altcoins next price action.
https://twitter.com/CryptoTony__/status/2080726709322895858As we can see from the post above, this analyst and trader goes on to highlight how NEAR lost a key support level. Having lost that, NEAR may be in for experiencing a dip in price, which will pull the asset towards claiming a slightly lover target. This lower target will likely be determined by how the asset will react to the next upcoming price level, now set at the $1.7 price range.
https://twitter.com/CryptoMichNL/status/2080945652146594040 Adding to the conversation is another reputed crypto expert and altcoin enthusiasts. As we can see from the post above, this analyst declares that the price of NEAR is breaking down. If this plays out as he says, the pierce of NEAR will offer traders and investors a golden opportunity to accumulate NEAR over the coming weeks. In particular, he calls this a great opportunity to buy NEAR as the price may dip as far as the $1.3 - $1.5 price range.
At the moment, the crypto market is in what appears to be a sideways slump. On the bright side, the previous Bitcoin bear market bottom price which was set to be in the $40,000 price range has been reassessed to expect a new Bitcoin bear market bottom target in the $54,000 price range. So determined is the trader who called this prediction that he has begun to steadily accumulate BTC between the $54,000 - $64,000 price range.
What’s more, the same analyst goes on to state that he will be accumulating ETH and COIN as well, meaning promising altcoin assets could be in accumulation phases as well. Much like the NEAR analysis above, these predictions seem to align, pointing to a promising surge in Bitcoin and altcoin prices over the coming weeks and months. How far can the price of NEAR pump this year?
