NEAR Market Update 29/12
Market Update:
BTC attempted to break out and got rejected at the top of the range at around $51.900. The break out is still possible since the momentum is still bullish. We are probably going to stay in the range until the options expire on the 31st of Dec.
On the NEAR/USDT pair the price broke the resistance level around $14.51 & $14.20. There is still some room to ‘fall’ since the next resistance levels are around $11.72. The momentum is still bullish so we can fly off after gaining more volume on the spot.
Overall we need to expect some consolidation around the $14 level in order for us to get a new leg up. Don’t be afraid to see the price go down a little bit more but consider this an exercise to maintain the bullish momentum and go find the next big target aka $20.
BTC attempted to break out and got rejected at the top of the range at around $51.900. The break out is still possible since the momentum is still bullish. We are probably going to stay in the range until the options expire on the 31st of Dec.
On the NEAR/USDT pair the price broke the resistance level around $14.51 & $14.20. There is still some room to ‘fall’ since the next resistance levels are around $11.72. The momentum is still bullish so we can fly off after gaining more volume on the spot.
Overall we need to expect some consolidation around the $14 level in order for us to get a new leg up. Don’t be afraid to see the price go down a little bit more but consider this an exercise to maintain the bullish momentum and go find the next big target aka $20.
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