The focus of this analysis is the NEAR Protocol (NEAR), known for its ease of use and environmental friendliness. We look at the price forecast for NEAR for the coming period, supported by insights from our premium environment.
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Technical analysis near protocol price (NEAR).
NEAR has followed exactly what our analysts expected. They recently shared an analysis with a green buy zone. The price has now risen slightly and the analysts were able to provide premium members with a little more clarity:
“NEAR shows a classic 12345 Elliott wave pattern. This pattern became apparent when the correction that began earlier this month ended between the 50% and 61.8% Fibonacci retracement levels. This is typical of the second wave of this type of pattern.
We saw this moment as an excellent opportunity to buy NEAR personally in anticipation of the price increase that is expected following this pattern. We now turn our attention to a price target of $3.92, which corresponds to the 161.8% Fibonacci.
The price is expected to rise in a steep rise in the innerwave pattern of the 12345 Elliott wave. This is also characteristic of the current wave of this pattern. To be on the safe side, we maintain a stop loss level at $2,469. If the price goes in the wrong direction, our portfolio is at least protected.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.
