NEAR is up by 4% after the Fireblocks partnership

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NEAR is up by 4% after the Fireblocks partnership
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The cryptocurrency market is slowly recovering after a dismal performance earlier this week.

The cryptocurrency market had a stellar performance on Wednesday after a poor performance over the past two days. After falling below the $1 trillion mark earlier this week, the total cryptocurrency market is now over $990 billion after increasing its total value by more than 3.5 percent.

Bitcoin remains the market-leading cryptocurrency, currently trading above $21,500 after gaining more than 3% in the past 24 hours.

Bitcoin, the world’s leading cryptocurrency by market capitalization, also performed well over the past 24 hours.

Betfury

Ether also performed well, gaining more than 6% in the past 24 hours to trade above $1,400.

Near blockchain’s native token, NEAR, is up more than 4% in the past 24 hours. The positive performance comes after the NEAR Foundation announced its partnership with Fireblocks.

The Fireblocks integration with NEAR will allow institutional users to now securely and securely access the NEAR Protocol’s fast and low-cost sharded proof-of-stake blockchain.

Key Levels to Watch

The NEAR/USDT 4-hour chart is bearish despite the Near protocol performing well over the past 24 hours. Technical indicators show that NEAR has been underperforming for the past few days.

The MACD remains within the negative zone, indicating bearish momentum. The 14-day RSI of 40 indicates that NEAR is no longer in oversold territory.

At press time, NEAR is trading at $3.718 per coin. If the positive performance persists, NEAR could break the resistance at $4.094.

However, it needs support from the broader market to reach last week’s high of $4.671.

The bears are likely to regain control in the near term and push NEAR towards the $3.20 support level before the close.

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