Near Protocol and Celestia May Be Poised for Big Gains Next Year, But Their Daily Charts Aren't Painting a Positive Picture Right Now

Near Protocol's (NEAR) X account was recently renamed to "it's all a lie," and traders are still questioning whether this was a marketing ploy or a real hack.

Near Protocol (CRYPTO: NEAR) and Celestia (CRYPTO: CELT) have both experienced significant price drops over the past seven days. Near Protocol is currently trading down by nearly 12% over the past seven days, while Celestia has dropped by 13.66% during the same time period. Both tokens are flashing bearish signals on their daily charts.

Near Protocol’s X account was recently renamed to “it’s all a lie,” sparking speculation among traders about whether this was a marketing ploy or a real hack. Despite such attempts to trigger investor interest, Near Protocol has remained on a downward trend.

With Near Protocol’s 24-hour trading volume trending downwards, the token is flashing extremely bearish signals on its daily chart. Even Near Protocol’s RSI is plunging, but unless it reaches oversold territory, a correction is unlikely. For now, Near Protocol is facing resistance at its 50-day EMA at $4.51. If it fails to breach that level, Near Protocol may dip to the $2.98 support in upcoming weeks.

After being one of the biggest losers last week, Celestia’s current trading price has dropped down to $4.01. Despite this dip, Celestia’s volume isn’t showing any signs of a sell-off yet.

However, Celestia’s daily chart still looks extremely bearish as the token trades below its 50-, 100-, and 200-day EMAs. Even though Celestia’s CCI and Momentum Indicator are hinting at a bullish reversal, it seems unlikely until Celestia’s RSI moves closer to the neutral zone. For now, Celestia’s nearest support and resistance trend lines are at $3.46 and $6.04 respectively.

The above is the detailed content of Near Protocol and Celestia May Be Poised for Big Gains Next Year, But Their Daily Charts Aren't Painting a Positive Picture Right Now. For more information, please follow other related articles on the PHP Chinese website!