No products in the cart.
- Latest
- Trending
ADVERTISEMENT
NEAR was one of the top performers among the top 100 cryptocurrencies on Monday, with the market starting the week on the front leg.
The cryptocurrency market started the week on the front leg. Near Protocol’s native token, NEAR, was one of the top performers in the top 100 cryptocurrencies on Monday.
NEAR is currently adding 10% to its value, surpassing broader cryptocurrencies in the process. The broader market added 1% to its value on Monday, with total market capitalization still above $1 trillion.
Bitcoin has broken out of the $22,000 resistance level after gaining more than 11% over the past seven days. Ether has fallen more than 1% in the last 24 hours and is trading around $1,700 despite an approaching merge.
The NEAR rally comes when the Near Protocol officially kicks off the NEARCON event today.
Niacon Live! Don’t worry if it doesn’t work out in real life the livestream brings it to you #Niacon to your home.
See it here: https://t.co/JkIlY1X49x
NEAR Protocol | NEARCON.org | Lisbon | September 11-14 (@NEARProtocol) September 12, 2022
The event will be held in Lisbon, Portugal and will highlight all the ways the Near ecosystem is growing. Talks, networking, workshops, live demos, entertainment and more.
The NEAR/USD 4-hour chart is bullish as the Near Protocol has performed well over the past 24 hours. Technical indicators show NEAR outperforming the broader cryptocurrency market.
At the time of writing, NEAR is trading at $5.1712. The MACD line crossed the positive zone earlier this month and remains there, indicating strong bullish momentum.
A 14-day Relative Strength Index of 71 indicates that NEAR could enter overbought territory if the rally continues.
If the bulls take the lead, NEAR can reach the resistance level at $5.557 by the end of the day. The second major resistance level is around $6.16 and if the move continues, NEAR could hit that level for the first time since May.
Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
Buy NEAR now on Binance
Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore, and Japan. Okcoin’s mission is to help decentralize finance and level the economic playing field for everyone around the world. We serve over 190 countries and have over 100,000 active traders and investors.
Buy NEAR now with Okcoin
