NEAR Price Analysis for December 13

Most of the coins keep facing a correction; however, there are some exceptions to the rule, according to CoinStats.

NEAR/USD

The rate of NERA has dropped by 4% over the last 24 hours.

Despite today’s fall, the price of NEAR is looking bullish on the hourly chart. If the rate can get back to the local resistance of $2.272, there is a chance to see a breakout tomorrow, followed by a move to the $2.30-$2.350 zone.

On the bigger time frame, the rate of NEAR has made a false breakout of the support level of $2.162. If today’s bar closes far from it, one can expect a bounce back to the $2.4 area soon.

From the midterm point of view, buyers could not sustain the rise after the last bullish bar.

If the candle closes around the current prices, there is a possibility to see sideways trading in the area of $2-$2.5 for the next few weeks.

NEAR is trading at $2.230 at press time.

Source