July Merchants of NEAR Trading Contest

Crypto and NEAR finished the month off strong, after rallying from lows on July 20th following rumors of Amazon’s plans to accept crypto as payment options. NEAR got close to testing the $1.40 support level, following Bitcoin when it dipped below 30k for first time in months, but ended the month at $2.39 (currently trading at $2.48 levels) pushing the $2.50 resistance.

We ended up getting over 50 submissions on the monthly contest with many quality submissions. The most common prediction was for NEAR to trade sideways around $1.70-$1.75 levels, with some predicting NEAR to test the $1.40 support levels and $2.00 resistance levels. Those who entered and submitted actual analysis, no matter how accurate, will be rewarded 2 NEAR. The top three predictions were Bao Khan at $2.346, Tag_ynsg at $2.45 and misterPuxly at $2.32; contestants will receive 60, 40 and 20 NEAR respectively for their efforts and are featured below:

Bao Khan:

NEAR was following a downwards trend but bounced above the $1.70 support level. NEAR should settle in the narrowing range of 1.95–2.38 to end the month.

Tag_ynsg:

The moving averages are starting to flatten out and should consolidate around in the 2.30–2.60 range. The local high for the last few weeks has been at $2.50, so expect NEAR to test that limit before breaking out if bull run is to restart.

If you are interested in participating or seeing what other Merchants analysis, please join is in our telegram group. We will be launching another monthly contest where you can submit your analysis to potentially earn rewards.
https://t.me/joinchat/9p64iHVo1e41ZjBh