Near Protocol loses $3 and owners sweat the price. Do you have one last trick?

• NEAR price is struggling to sustain above key resistance as the price trend of a falling wedge price could break the downtrend.

• NEAR continues to struggle as price clings to resistance in a bid to reclaim the region.

• NEAR price continues its downtrend price movement in a falling wedge. This is because the price can elicit surprises below the 50 and 200 exponential moving averages (EMAs) on the daily timeframes.

Over the last few weeks, Near Protocol (NEAR) price seems to have lost momentum against Tether (USDT) as price remains range bound with little to no volume to move up. looks like Prices of other crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) are in a slump despite the uncertainty that has befallen the crypto market in recent weeks as price action has retreated slightly. Little or no pricing is indicated for NEAR. Volatility in its price movement as many fear whether NEAR can regain critical support at $3. (Data from Binance)

Near Protocol (NEAR) price analysis on weekly charts.

The bear market was not a good or favorable one for most projects as prices fell by more than 50% for most projects and discouraged most traders and investors from holding these assets.

Despite great partnerships and great support from the huge community that has been building and growing, NEAR’s price does not reflect all of this great development.

Earlier this year, we saw some big moves from the NEAR protocol as the price climbed from a low of $3 to a high of $19, but many expect a new all-time high for the NEAR price. Therefore, the price did not increase.

After rising to a high of $19, the price faced resistance to the upside as the price continued to fall from the high range to the weekly low of $2.9.

NEAR price bounced from the region’s $2.9 to highs of $6 to break out of this downtrend, but the price failed and remains in a downtrend for some time.

Weekly resistance against NEAR price – $3.7.

NEAR price – $2 weekly support.

NEAR price analysis on a daily (1D) chart

On the daily timeframe, the NEAR price continued to struggle as the price trended into a falling wedge with range-bound action.

NEAR price lost critical support at $3, but the region remains a key point for NEAR prices to bounce back and bounce back. Haven has lost the region and NEAR price continues to trade in a falling wedge with a potential breakout.

If the NEAR price breaks out of the wedge, it could retake the key support, but if the price fails, it could retest $2.

NEAR price daily resistance – $3.7.

NEAR price daily support – $2.5-$2.

Featured Image From themarketperiodical, Charts From Tradingview