NEAR Recovers Slightly After Weekend Drop as Buyers Step Up
2022.05.03 19:51
NEAR Recovers Slightly After Weekend Drop as Buyers Step Up
- NEAR Protocol (NEAR) recovers after a huge dip.
- NEAR’s price currently stands at $11.90, or 0.0003088 BTC, after a 1.11% drop.
- NEAR’s weekend price drop was followed by a lot of buy trade volume during the two days after the drop.
NEAR Protocol (NEAR) has made it onto CoinMarketCap’s top 50 coins list in terms of market cap. It currently occupies the 19th spot, which puts it right behind Dai (DAI) in the 18th position and in front of Cronos (CRO) in 20th.
NEAR’s price currently stands at $11.90, or 0.0003088 BTC, after a 1.11% drop over the last 24 hours. Over the last week, the coin saw a pretty big 20.27% drop in price. NEAR’s highest price in the last 24 hours was $12.17.
When looking at trading volume, NEAR stands at $1,035,557,397 after 24 hours, which is a 12.20% drop since yesterday. NEAR’s market cap is currently $8,046,876,158 and the current supply of NEAR in circulation is 676,076,114.00 NEAR.
NEAR price awaits confirmation for directional movement (Source: TradingView)
The daily chart for NEAR/USDT sees the price in somewhat of a neutral position at the moment as the 50 and 100 EMA look to cross to form a bearish signal, but the gradient of histogram turns positive.
NEAR’s price dropped quite a bit over the weekend. However, it seems that bulls capitalized on the price drop by purchasing NEAR at the $10 mark, which is a key price level for NEAR. The weekend price drop was met with buy trade volume. Buy orders for NEAR then flooded the market the day after (yesterday), with the influx of buy orders overflowing into today as well.
Even though there has been a flow of buy orders for NEAR, the price has remained relatively level in the last 2 days.
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