NEAR: 70% chance of price increase if the price breaks resistance at $8.10 - $8.20

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Market data for NEAR Protocol (NEAR/USDT): • Current price: $7.96 • 24-hour change: +5.80% • Highest in 24 hours: $8.11 • Lowest in 24h: $7.21 • 24-hour trading volume: $1.64 billion USD • Market capitalization: $9.75 billion USD • Circulating supply: 1,217,906,155 NEAR • Total supply: 1,223,760,925 NEAR • ATH (All-Time High): $20.44 (on 01/16/2022) • ATL (All-Time Low): $0.526762 (on 04/11/2020) Technical analysis using VSA and AI

  1. Price and volume analysis • High trading volume accompanied by sharp price increase: • The price increased by +5.80% in 24 hours on high volume, which indicates active participation from buyers. • Volume increases with price approaching resistance: • NEAR is approaching the resistance of $8.10 - $8.20, if the volume continues to increase, the likelihood of a breakout is high.
  2. Important VSA signals
  3. Climactic Volume: • The current trading volume signals the strong participation of Smart Money, which may set the stage for a strong uptrend.
  4. No Supply (Không nguồn cung): • If the price stays above $7.80 with lower volume, this is a sign of accumulation.
  5. Support and Resistance Zone • Important support: $7.20 (lowest in 24 hours). • Latest resistance: $8.10 - $8.20. • Next resistance: $8.50 - $9.00 (key psychological zone). Integrate AI and prediction A. AI Predicts Trends
  6. Short-term (4H - 48H): • Price increase potential: 70% if the price breaks resistance at $8.10 - $8.20. • Possibility of price decrease: 30% if NEAR fails in the $8.10 area.
  7. Long term (1 week): • If NEAR accumulates above $7.80, the possibility of reaching $9.00 in the coming week is high. B. Market psychology • Current sentiment: Positive, with many large buy transactions on major exchanges. • Positive news from the NEAR ecosystem may continue to support prices. Trading strategy based on VSA & AI A. Short-term strategy
  8. Buying point: • Buy at $7.80 - $7.90 if the price holds above the support zone. • Or wait for the resistance price of $8.20 with large volume.
  9. Stop Loss Point: • Set the stop loss at $7.50 (below the strong support zone).
  10. Profit-taking point: • Target 1: $8.50. • Goal 2: $9.00.
  11. R:R ratio: • With entry point at $7.90, stop loss at $7.50, and take profit at $8.50 → R:R ≈ 1.5:1. • With a target of $9.00 → R:R ≈ 2.75:1. B. Long-term strategy
  12. Buying point: • Accumulate around $7.20 - $7.50 if the price corrects deeper.
  13. Stop Loss Point: • Set stop loss below $7.00.
  14. Profit-taking point: • Long-term target: $9.00 - $10.00.
  15. R:R ratio: • With an entry point of $7.50, stop loss at $7.00, and take profit at $9.00 → R:R = 3:1. Conclusion • Short-term: • Buy at $7.80 - $7.90, target $8.50 - $9.00, stop loss $7.50. • Long-term: • Accumulate around $7.20 - $7.50, long-term target $9.00 - $10.00. • AI support: • Monitor the trading volume at the resistance zone of $8.10 - $8.20 to confirm the breakout. • Use signals from VSA and market psychology to better manage risks. Note: This is only a signal AI analyzed from the #CryptoNAI - NFA system. Capital management is an important factor to minimize risks and optimize profits.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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