What are the limitations that are preventing mainstream adoption and what is the current DApp landscape?

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 Blackrock moves in on Blockchain, Russia reconsiders its crypto ban and McDonalds takes a …

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Key Takeaways The NFT space has attracted many scammers and hackers as it has grown. Collectors should consider using hardware wallets to store...

Etherscan creators launched Blockscan chat- an Ethereum instant messenger platform for users to message each other wallet to wallet. In our latest Ethereum news, we are reading more about this new platform. In a bid to expand use cases for DEFI, the Etherscan creators released Blockscan Chat in beta. This is a messaging platform for […]

The Open Network (TON) is the third-generation proof-of-stake blockchain designed for lightning-fast transactions. As the boom of blockchain technology-based projects has been continuously increasing in today’s digital era, TON is a project that is ultra-cheap, both user-friendly and service provider-friendly, as well as fully operational. Launched in 2018 by the pair founders of Telegram Messenger, [...]

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 Crypto.com hacked, Russia proposes a crypto ban, and a 22-year-old made 1 million dollars …

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Arcade Network will offer NexBloc’s robust naming structure for NFT and identity management its growing user ecosystem Tortola, British Virgin Islands, January 19, 2022, NexBloc...

Introduction The Open Network (TON) is a third-generation proof-of-stake blockchain that is fast, secure, scalable, user-friendly, service provider-friendly, and capable ...

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Among them: Explainable artificial intelligence (XAI) will improve the ways humans and AI interact, plus expect a shift in how organizations fight ransomware.

NEAR coin price creates a new all-time high level at $20 but falls due to increased profit booking. Will the bulls regain trend control to reach $23? NEAR Protocol is a layer-1 blockchain that was created as a cloud computing platform run by community members. It removes certain limitations that have plagued other blockchains such as slow transaction speed and interoperability. It provides the perfect environment for DApps and provides an easy-to-use and developer-friendly platform. For example, NEAR uses human-readable account names, as opposed to the cryptocurrency-based wallet addresses used by Ethereum. NEAR is also able to provide innovative solutions to scaling issues and also has its own mechanism for consensus called “Doomslug.” Let us move ahead to read about Near Protocol technical analysis. Past Performance of NEAR The NEAR coin price faces rejection near the all-time high level of $20.38, predicted in our previous article. The coin price shows a growth of 60% in the last five days resulting in multiple bullish engulfing candlesticks. The price jump results in the breakout of multiple resistance levels including $18. Therefore, the current retracement acts as the retest of the $18 breakout. NEAR/USD Daily Chart NEAR Technical Analysis The NEAR coin price forms a bearish candle with a minuscule wick, indicating a solid selling pressure in action. However, the free fall in the coin price can find support at $18 as a previous candle shows lower price rejection from the horizontal level. Crucial EMAs (50, 100, and 200) rise in an ascending alignment reflecting a solid bull run in action. Therefore, retracements to 20-day EMA can provide buy-the-dip opportunities. The RSI indicator at 65% shows a small reversal in the slope as it struggles to rise into the overbought zone. Nonetheless, the slope and the 14-day SMA sustain above the center mark in the daily chart. The MACD indicator shows a gradual rise in the MACD and signal lines in the positive segment in the daily chart. Therefore, the indicator remains bullish for the NEAR coin.  Therefore, the technical analysis indicates a solid bull run with a short correction in action to retest the bullish breakout. Furthermore, the indicators maintain a buy signal for the coin. Upcoming Trend The creation of an all-time new high level at $20 marks a significant bullish milestone for the NEAR coin. That is why a fall due to profit booking is seen. However, the retest of $18 will drive the prices higher to the next pivot level. That is why holders can see the price break above $20 shortly. The price action suggests support levels at $18 and $16 can halt the profit booking induced falling price. And, a bullish reversal can find selling pressure at $20 and $23. At press time, the sentiments chart gives a “BUY” signal for the Near Protocol token.

The post NEAR Technical Analysis: New All-Time High Formation Induces Profit Booking, Should You Keep Holding or Sell? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Got a router that supports USB access across the network? You might need a kernel update...

When it comes to consensus mechanisms, Proof-of-Work (PoW) is often dubbed as a relic of the past that is being replaced with other mechanisms such as Proof-of-Stake (PoS). The most common argument against PoW blockchains is that they are just too energy-intensive and costly. I’m sure you’ve heard this narrative if you’ve been in crypto […]

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