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Near Protocol, Venice Token extend rally as sellers exhaust

Near Protocol, Venice Token extend rally as sellers exhaust

Bitcoin (BTC) holds above $77,000 at press time on Friday as bearish sentiment wanes in the broader market. Near Protocol (NEAR) and Venice Token (VVV) have posted double-digit gains over the last 24 hours, emerging as top performers. 

Broader market selling pressure wanes

Altcoins are leading the broader market gains as Bitcoin holds steady after a correction earlier this week. The crypto market’s average Relative Strength Index (RSI) has increased to 49, from 42 on Thursday, signaling a significant reduction in selling pressure. This return to neutral RSI levels increases the likelihood that buyers will regain control. 

Average RSI. Source: CoinMarketCap

Near Protocol and Venice Token test breakout rally

Near Protocol is up over 8% on…

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