NEAR To Rise Even Higher According To These Analysts, Can It Hit $10?
NEAR, the native token of the Layer 1 (L1) public blockchain NEAR Protocol, has substantially risen during this bull run after registering remarkable gains since the end of 2023.
As the price of Bitcoin continues to soar, NEAR has recorded an over 130% price surge in the past month, and analysts forecast that the bullish momentum isn’t over yet.
Related Reading: Bitcoin ETF ‘Floodgates’ Are Just Opening, Says Bitwise CIO Amid $72,000 Surge Analyst Foresees NEAR’s Next Leg Up Coming Soon At the end of 2023, the NEAR token showed a remarkable performance by doubling its price in mid-December.
Since then, the crypto market has been propelled to heights like those seen during the last bull run.
NEAR continued its growth alongside the market, and crypto analyst Altcoin Sherpa considers that the gains for the token are far from over.
$NEAR: Consolidation for the next leg up soon IMO.
#NEAR pic.twitter.com/pII6Uanwaz — Altcoin Sherpa (@AltcoinSherpa) March 12, 2024 In an X (former Twitter) post, the analyst shared a chart showing NEAR’s performance in the last few days.
This performance displays the token has oscillated between two levels since yesterday.
NEAR hovered between the $6.7- $7.17 price range for the past 24 hours, Altcoin Sherpa’s chart shows.
As the analyst highlights, this is the “consolidation for the next leg up” coming soon.
Previously, Sherpa warned about the $6.9 price level being a “danger area approaching.” However, the token broke that resistance level over the weekend.
Moreover, crypto trader and analyst Rekt Capital shared a chart showing that NEAR revisited its multi-year macro downtrend.
Breaking above it would further fuel the bullish momentum that could drive the price to revisit its all-time high (ATH) resistance area of $20.
$NEAR Finally – Near Protocol has revisited its multi-year Macro Downtrend Now #NEAR will try to break this to further build on its current bullish momentum Breaking this Macro Downtrend would likely see price revisit the old All Time High resistance area #BTC #NEARprotocol…