Near Protocol finds support around key level amid market volatility

Near Protocol demonstrates a 2% increase on Friday, supported by an ascending trendline Sideline buyers can accumulate

at current levels before potential further upside. Near Protocol price looks promising Near Protocol price extends the recent rebound after a retest of the ascending trendline support, drawn from the swing low points from mid-October 2023 to mid-June 2024, on Tuesday. This trendline roughly coincides with the horizontal support area extending between $4.23 and $4.48.

could rally roughly 7.5% from the current level of $5.33 to $5.74, the previous weekly resistance. The daily chart below shows that the Relative Strength Index bounces off the oversold area, and the Awesome Oscillator is still below its mean zero level. If bulls are indeed making a comeback, then both momentum indicators must regain their positions above their respective mean levels of 50 and zero.

/USDT 1-day chart However, if

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NZD/USD heads into Friday markets on the low side of near-term consolidationNZD/USD descended to the bottom of recent consolidation as broad-market risk appetite turned sour on Thursday after rising US Purchasing Manager Index (PMI) figures re-ignited concerns that sticky inflation from the services sector could keep price growth elevated for much longer than rate-cut-hungry investors had initially hoped.
Source: FXStreetNews - 🏆 14. / 72 Read more »