NEAR protocol price prediction, What will NEAR be worth in the future?

The near protocol fell one percentage point today, continuing a long-term decline that saw it lose 18 percent of its value in September. The results of the recent trading sessions are surprising, with the Bitcoin protocol being one of the best-performing cryptocurrencies in all sectors in July and August.

However, due to its industry correlations, other major cryptocurrencies have dragged down the price. Investors are also in the extreme fear category of the Fear and Saint Index, which means that the money coming from the project is also limited.

NEAR protocol price prediction

Several technical factors indicate that the price of Near protocols will continue to decline in the coming trading session. On September 12, it reached a resistance level of $5.29. But instead of failing to break the top, the price began to push down strongly and aggressively. Therefore, it is likely to continue falling to the support level of US$2.87.

Looking at the chart below, the Williams Alligator signals also show that the NEAR Protocol price is in a long-term downtrend. The lines have moved too far since September 18, indicating a slowdown in the market. The indicator also shows the probability that the current trend will continue.

Therefore, the Near protocol price forecast predicts the probability that we will see a price decrease in the next trading session. The probability of reaching the $2.87 support level is still high, especially if the cryptocurrency industry continues to suffer strongly, as we have seen in recent weeks. If prices trade above the $4 price level, my bearish analysis becomes invalid. At that point, it would indicate a trend reversal and I would try to go long.