August Week 4 Community Highlights: Bear, Bull and Crab
Hello fellow Merchants!
Last week we saw NEAR truly take off, rallying to $6.50 before finally cooling off with some retracement. Most predictions last week were bullish but only few foreseen such a dramatic rise coming. This week expectations are much more tempered as a healthy pullback with hopefully price consolidation. From community sentiment, we could see NEAR being range bound from $4.70-$6.00 for the coming weeks.
Checkout the best of the Merchants analysis!
Merchants Bear of the week:
Despite the remarkable momentum due to all the great news and breaking off the heavy resistance level at $4 range, a pullback should be expected for a healthier continuous run. We have broken down from the descending triangle and likely to trend down to retest the support areas in the coming days. I predict NEAR to retrace and test the $4.58 support before being oversold and rebounding. My prediction of the weekly close will be around $4.85
-Tokok69
Merchants Crab of the week:
There was a rejection of NEAR at $6.06 fib level of .786. I expect we are going to test support of the 0.618 fibo at $4.9 and trade below the $5.20 resistance for this week.
-FritzWagner
Merchants Bull of the week:
Currently, there is a lot of money pouring into the market combined with many official projects running mainnet on Near. On the chart, Near is touching the ATH resistance zone of 6.6 to 7.5, on the chart Near/BTC is also approaching the ATH zone. At this time, a certain caution is required because BTC can have a large correction at any time. However, I am still optimistic, because the long-term frame is the weekly and monthly frames in Near chart showing very positive signs, now there is a slight correction to the 0.382 fibo mark and my next target for this rally is the 7.5 zone. -8.2$
-anhkhoa
Thanks for the Merchants for submitting their predictions. If you want a chance to earn NEAR for accurate predictions or be featured in articles please head over and join or TG community.
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Best of luck and happy hodling!
