NEARUSDT Analysis May 4, 2022
NEAR / TetherUS BINANCE:NEARUSDT
We are currently Bearish on NEAR Protocol, NEAR , but this Horizontal Support Line at ($9.70) and 200-Day Moving Average might be a good area to Accumulate NEAR. We prefer to wait for some signals from the Engineer and are still below the Weekly and Daily Uptrend Lines so we remain Bearish on NEAR for the time being.
We will continue our research on NEAR but this relatively new project has nice tokenomics and is already #19 based on Market Cap. There are quite a few “bridges” being built with this protocol. Not Financial Advice…Trade with Confidence and Control.
