TL;DR Breakdown NEAR price analysis is entirely bearish.The price action was unable to break resistance at $11.01.If the trend continues, we might see support at $9.1 broken.The current price for NEAR/USDT is just above the support at $9.1. NEAR price analysis for today is bearish and in the short term as well. We saw a price rally on 7th September from $5.4 to $11.8 on 9th September. This made NEAR one of the best cryptocurrencies to invest in despite Bitcoin’s huge correction on 7th September. The price of the coin almost doubled and struck the resistance at $11.01, which remains unbroken. The bulls were not able to conquer the $11.01 price level, and as a result, we saw a huge price retracement for the cryptocurrency. Currently, our Bitcoin price analysis shows that Bitcoin fell from a $47K price level to a $46K price level, the former being a level of resistance and the latter being a level of support. However, we can further expect that if Bitcoin breaks its resistance at $47K, we can expect NEAR/USDT price action to move up as well. For now, according to the data by Coinmarketcap, the trading volume for the cryptocurrency has decreased by almost 53.99 percent, giving a hint at bearish price action. Furthermore, we can also see that the market cap of the coin has shrunk by almost 12.54 percent, confirming that the currency is trading at a lesser value than that of a day before. NEAR price analysis on 4-hour charts:...
