Crypto Price Analysis 12/19: Near Protocol (NEAR)

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Crypto Price Analysis 12/19: Near Protocol (NEAR)

NEAR Crypto price analysis for December 19 - This week began with a slight increase in the prices of most cryptocurrencies in the market after a few d

NEAR Crypto price analysis for December 19 – This week began with a slight increase in the prices of most cryptocurrencies in the market after a few days of steady decline.

According to data from CoinMarketCap, the global crypto market has gained about 1.47% over the last 24 hours, raising its total market volume to $1.59 trillion. The crypto fear & greed index continues to suggest bullish sentiment as it rests at 73 today.

Crypto fear and greed index 12/19: Near Protocol (NEAR)

Source: Alternative

The largest cryptocurrency in the world, Bitcoin has dropped by 0.16% over the last 24 hours, however maintaining a 2.38% increase in the last 7 days.

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Furthermore, Ethereum, the second-largest cryptocurrency in the market is currently trading below the $2,200 mark, dropping by 1.27% in the last 24 hours at the time of writing.

With this current trend in the crypto market, let us look at the price analysis for Near Protocol (NEAR) to see how the price reacts.

Near Protocol (NEAR) price analysis

According to Coinstats data, the price of NEAR has increased by 8.03% over the last day and maintained a 6.96% spike in the last 7 days. These stats make NEAR one of the top gainers in the market today.

On the hourly chart, traders should pay attention to the local resistance level of $2.434. There will be a chance to see a breakout soon if the daily bar closes near it. The breakout could lead to a further test of the $2.50 zone.

Near Protocol (NEAR) price analysis

Source: TradingView

The price of NEAR has not amassed enough energy for a midterm surge, notwithstanding today’s increase. Buyers must get the rate back to the resistance level of $2.613 to maintain the initiative.

If this is possible, then traders can expect a possible test of the $3 zone.

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near price chart

Source: TradingView

Looking at the weekly time frame, NEAR’s price accomplished a false breakout at $2.101, the previous bar low. The increase might go all the way up to $2.60 and beyond if the candle shuts far from that point.

NEAR price today

NEAR price today

Source: Coinstats

According to data from Coinstats, the price of Near Protocol (NEAR) today is $2.41. NEAR has a 24-hour trading volume of $232,032,271 ($232 million) and a live market cap of $2,426,262,096 ($2.4 billion) placing it at the #34 position on the global crypto market chart.

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