Near Protocol's Price Hopes Ride on Golden Cross Crossover

Near Protocol's price has risen from about $1.80 at the start of September to around $2.41 currently, but a spinning top pattern on its most recent daily candle suggests that neither buyers nor sellers have clear control over the current price.

The price has struggled to sustain momentum above the $2.50-$2.55 range, with the recent session peaking at about $2.55 before falling back to $2.41.

A Golden Cross is possible because the 50-day moving average around $1.84 is getting closer to the 200-day moving average near $1.84, and all three longer-term averages have narrowed into a small area, but the 100-day average at $1.88 is still marginally higher.

The price is now significantly above this lagging moving-average cluster, so the crossover would confirm rather than start a trend change that has already begun.