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Near Protocol (NEAR) shows promising signs of substantial growth, eyeing an increase of 33% given the right market conditions amidst recent bullish trends.
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Last week, NEAR’s performance has captured significant attention, achieving a remarkable 41.23% rise in value.
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According to COINOTAG, overcoming the key resistance level at $6.406 is crucial for NEAR to unlock its full potential for further gains.
Discover the latest on Near Protocol (NEAR) as it aims for a potential 33% surge, contingent on breaking through significant market resistance.
Aiming for $8.5: NEAR’s Path to Growth
The recent breakout from a descending trendline has positioned NEAR to gain significant traction, with a target of hitting $8.520 if bullish momentum continues. Currently, NEAR is witnessing a healthy increase, having recently crossed the critical resistance threshold at $5.548.
However, as of now, NEAR faces a crucial resistance level at $6.406. This level may act as a barrier, potentially leading to selling pressure that could impede further gains. If NEAR is unable to break through this resistance, a consolidation phase could ensue, where the price oscillates between $5.548 and $6.406.
Source: Trading View