Last Updated: Thursday, February 3, 2022 10:01 AM | InvestorsObserver Analysts
InvestorsObserver gives NEAR Protocol a strong long-term technicalscore of 69 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. NEAR at this time has a superior long-term technical analysis score than 69% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
InvestorsObserver is giving NEAR Protocol a 69 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on NEAR Protocol!See Full Report
Trading Analysis
NEAR is currently -$1.1200000 (-9.51%) below its 100-day moving average price of $11.790000000 with its current price of $10.670000000. Meanwhile, NEAR Protocol is $9.1200000 (-21.17%) above its 52-week low price of $1.550000000 and -$9.75000000 (3.29%) below its 52-week high of $20.420000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 69. Trends for the long-term trading history of NEAR Protocol suggest that traders are currently neutral on the coin. NEAR Protocol currently has a total market cap of $6,731,674,777.07 to go along with its average daily volume of $4,622,777,314.34 worth of the currency over the past seven days. NEAR’s volume is below its seven day average as of the past 24 hours, with 599,808,571.81 exchanged in that period. This coin’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Summary
Technical analysis of NEAR Protocol over the past year results in the crypto receiving a a strong long-term technical score of 69 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on NEAR Protocol (NEAR).
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