NEAR price analysis: NEAR/USD gears for downslide to $7.349 support

TL;DR Breakdown NEAR price analysis indicates that the market is bearish.The price is hovering between $9.525 and $8.168.Overall, a downtrend can be observed in the market.RSI and MACD indicators suggest that the price is all set for a further downslideMarket might improve once NEAR hits the last support of $7.349 NEAR Price Analysis is quite bearish today, as we can see a decrease in the price from $8.957 yesterday to $8.0127 (the current price). Over the last three days, the coin has remained consistently bearish but that might change soon. Cryptocurrency heat map by Coin360 A quick look at the crypto market heat map shows that it is not just NEAR that has bearish tendencies today. Rather, the price of Bitcoin has lowered by 3.83 percent as well. NEAR Price Chart by TradingView Some interesting insights can be obtained from our Near price analysis 1-Day chart. First, the projection of the RSI is downwards. Although the curve is not steep, it is currently hitting 60.61 and is linearly heading lower. Based on this, we can predict that the market might slowly be moving from an overbought state to a more balanced one. If the trend continues, a further decrease in the price is imminent. Furthermore, the MACD analysis also shows an impending crossover, which will shift the market further to the downslide as per NEAR price analysis. 24-Hour NEAR price analysis – Price moves towards support NEAR Price Chart by TradingView ...