During the ascent, NEAR broke out from the $1.60 horizontal resistance area and accelerated its increase even further.
Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.
Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.
The weekly RSI is above 50 and increasing both positive signs. Also, the indicator broke out from its bearish divergence trend line (green).
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