NEAR is likely one of the finest performers amongst the highest 100 cryptocurrencies on Monday because the market begins the week on the entrance foot.
The cryptocurrency market has began the week on the entrance foot. NEAR, the native token of the Close to Protocol, is likely one of the finest performers amongst the highest 100 cryptocurrencies on Monday.
NEAR has added 10% to its worth as we speak, outperforming the broader cryptocurrency within the course of. The broader market added 1% to its worth on Monday, with the full market cap nonetheless above $1 trillion.
Bitcoin has climbed above the $22k resistance stage after rallying by greater than 11% over the previous seven days. Ether is down by greater than 1% within the final 24 hours and is buying and selling round $1,700 regardless of the Merge getting nearer.
NEAR’s rally comes because the Close to Protocol formally launches its NEARCON occasion as we speak.
NEARCON is stay! 🎉❤️🔥 Don’t fear in the event you can’t make it in actual life – the livestream is right here to convey #NEARCON to your house.
Watch it right here: https://t.co/JkIlY1X49x
— NEAR Protocol | NEARCON.org | Lisbon | Sept 11-14 (@NEARProtocol) September 12, 2022
The occasion is happening in Lisbon, Portugal, and is highlighting all of the methods the Close to ecosystem is rising. There will likely be talks, networking, workshops, stay demos, leisure, and extra.
Key ranges to look at
The NEAR/USD 4-hour chart is bullish because the Close to Protocol has been performing properly over the past 24 hours. The technical indicators present that NEAR is outperforming the broader cryptocurrency market.
At press time, NEAR is buying and selling at $5.1712. The MACD line crossed into the optimistic zone earlier this month and continues to stay there, indicating sturdy bullish momentum.
The 14-day relative power index of 71 exhibits that NEAR may enter the overbought area if the rally continues.
If the bulls stay in cost, NEAR may contact the $5.557 resistance stage earlier than the top of the day. The second main resistance stage is round $6.16, and NEAR may attain that stage for the primary time since Could if the rally will be sustained.
Binance is likely one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled buyers and it provides a lot of cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, comparable to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
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