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NEAR Protocol Price Prediction

 NEAR Protocol is a decentralized oracle platform that provides reliable and timely data to smart contracts. NEAR Protocol, like any other cryptocurrency, has a significant level of volatility, which is why it's useful to be able to predict NEAR's price and trade appropriately. We'll look at how to use techniques like technical analysis to make your own NEAR Protocol price prediction today.

Analyzing the NEAR Protocol's Price

Looking at previous price history on a chart is one of the simplest ways to estimate the future price of a cryptocurrency like NEAR Protocol. We can summarise an NEAR price prediction using the resources that are publicly available online by using typical technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages, and calling on indicators to show strength or weakness in the market.

On TradingView, you can chart and analyse the vast majority of popular cryptocurrencies. TradingView offers real-time pricing data by integrating with leading exchanges such as Binance, Huobi, and others.

Identifying the Strengths and Weaknesses of Support and Resistance

Identifying levels of support and resistance is frequently all that is required to begin developing an NEAR price forecast, at least in the short to medium range. Counting the number of times a price is tested and rejected on an attempt to move upwards can reveal horizontal resistance levels. Counting the number of times a price tests and bounces from a certain price on the way down can reveal horizontal support levels. If you're currently holding NEAR and want to sell for the best price, predicting its price can help you figure out where to sell for the best profit.

Price Prediction for the NEAR Protocol (NEAR)

You can make a relatively accurate NEAR Protocol price prediction for 3, 6, and 12 months ahead of time using support/resistance, trend lines, moving averages, and simple indicators like the RSI. NEAR is currently at roughly $2.58 USD, and we believe that in the coming months, it will be worth somewhere between $4 and $5 USD.

When predicting the price of the NEAR Protocol, you need include fundamental analysis in your analysis. Investigating what the NEAR Protocol Team is up to in the next months will assist you in determining whether or not a particular investment will be beneficial after certain events, roadmap targets, or milestones are accomplished. In identifying short-term NEAR price changes, technical analysis trumps fundamental analysis, but it's still vital to keep an eye on what's coming up in the future weeks and months.

We believe NEAR Protocol (NEAR) has a strong possibility of reaching the $4 to $5 USD mark in 2021, based on current trends, investor attitude, and the overall direction of the cryptocurrency industry, as long as the trend continues and the Team continues to work on their products and collaborations.

From 2022 to 2025, we expect the price of NEAR to range between $7 and $20 USD, as the Team continues to develop their products and the target audience adopts them. This NEAR price forecast is based on many data sets and predictive modelling, with the assumption that the present long-term trend that is driving the price of NEAR continues upwards with no notable setbacks.

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