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
- 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.
- Important VSA signals
- Climactic Volume:
• The current trading volume signals the strong participation of Smart Money, which may set the stage for a strong uptrend.
- No Supply (Không nguồn cung):
• If the price stays above $7.80 with lower volume, this is a sign of accumulation.
- 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
- 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.
- 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
- 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.
- Stop Loss Point:
• Set the stop loss at $7.50 (below the strong support zone).
- Profit-taking point:
• Target 1: $8.50.
• Goal 2: $9.00.
- 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
- Buying point:
• Accumulate around $7.20 - $7.50 if the price corrects deeper.
- Stop Loss Point:
• Set stop loss below $7.00.
- Profit-taking point:
• Long-term target: $9.00 - $10.00.
- 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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