๐NEAR Protocol ;Ethereum competitor โ near/usdt analysis๐
Hello Crypto community Welcome today, to introduce another crypto project with high potential.๐๐ฐ
๐นRank #18,/ kind : coin \\ Market Cap:$10,593,006,633\\ Fully Diluted Market Cap: $15,709,080,843
Max Supply: 1,000,000,0000 /Total Supply: 1,000,000,000/// Circulating Supply:674,323,771.00 NEAR (67% )====> โ
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called โDoomslug.โ
near.org-Coinarketcap
-------------------------------------------------------------------------------------------------------------------
๐Technical
As you can see on the WEEKLY timeframe for NEAR/USDT ,Since OCT 2020 It has been advancing in rising channel, and it succeeded to record an ATH about ~$20.60 , and recently after 6 weekly candle , it attempted to attack previous High but wasn't successful and struggling with the resistances(pivot) zone . past candlestick was a Bearish Harami and recently printed a Doji candle witch shows uncertainty between buyer and seller , so today the price can decline if it not be able to go above the current pivot zone and can drop on lower support zone . and it there the buyer can support it again , but if loses that zone can fall more on the lower support or on the lower trendline of channel. but otherwise if it be able to overtake the pivot zone it can rise more and even toch the upper-band of channel in the short-term.
๐resistance level: $15.77-$16.87/ Ascending trendline
โ๏ธsupport levels: $10.22-11.45///$5.44-6.13//2.5-3.3///ascending trendline
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ
๐นRank #18,/ kind : coin \\ Market Cap:$10,593,006,633\\ Fully Diluted Market Cap: $15,709,080,843
Max Supply: 1,000,000,0000 /Total Supply: 1,000,000,000/// Circulating Supply:674,323,771.00 NEAR (67% )====> โ
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called โDoomslug.โ
near.org-Coinarketcap
-------------------------------------------------------------------------------------------------------------------
๐Technical
As you can see on the WEEKLY timeframe for NEAR/USDT ,Since OCT 2020 It has been advancing in rising channel, and it succeeded to record an ATH about ~$20.60 , and recently after 6 weekly candle , it attempted to attack previous High but wasn't successful and struggling with the resistances(pivot) zone . past candlestick was a Bearish Harami and recently printed a Doji candle witch shows uncertainty between buyer and seller , so today the price can decline if it not be able to go above the current pivot zone and can drop on lower support zone . and it there the buyer can support it again , but if loses that zone can fall more on the lower support or on the lower trendline of channel. but otherwise if it be able to overtake the pivot zone it can rise more and even toch the upper-band of channel in the short-term.
๐resistance level: $15.77-$16.87/ Ascending trendline
โ๏ธsupport levels: $10.22-11.45///$5.44-6.13//2.5-3.3///ascending trendline
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ
