Investors assessed the crypto market as displaying relatively gloomy price movements in recent times after the recovery from the ‘market crash’ situation in May.
While the largest virtual assets like Bitcoin have lost more than 10% of their value over the past week, NEAR Protocol continues to record high returns in the market.
NEAR Protocol started an excellent performance last week since the market was hit by a wave of price declines that saw Bitcoin fall nearly 20%, but NEAR Protocol rose almost 120% in the last 3 days to hit the latest all -time high (ATH) of $ 11.90 on 9 September.
Ranked 44th in the crypto chart, it has a market capitalization of over $ 4.0 billion with a trading volume of over $ 313 million in 24 hours.
Judging from the NEAR/USDT chart, the NEAR price movement is slightly horizontal (sideway) and moving slowly between the SBR zone (support become resistance) $ 10.00 and the RBS zone (resistance become support) $ 8.00 to trade around $ 8.8.
From a technical point of view, the price movement is seen to remain in a positive pattern and is trying to move towards the SBR $ 10 zone despite the decline in the current price movement.
Crypto analysts expect that, if the price movement remains in a positive pattern, the SBR $ 10 zone will be the next target to be tested before making a higher jump.
Meanwhile, if the price movement shows a bearish pattern, the RBS $ 8 zone will be tested again before continuing lower.
At the time of writing, NEAR is trading at the $ 8.8 price level jumping over 10% in the last 24 hours.
