Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon

Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27. Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery. A break and close above $7.95 would invalidate the downleg thesis. Near Protocol price is trading with a bullish bias, and has completed a full swing recovery following a 42% drop. However, the recovery may be cut short as bears align to sell NEAR token.

-day chart On the other hand, if the bulls are able to break above the bearish cloud, confirmed by a daily candlestick close above the midline of the supply zone at $7.95, it would negate the bearish thesis. Such a directional bias could see NEAR price extend the gains to reclaim the $9.01 range high.

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Near Protocol Price Poised for a Strong Rally if History RhymesNear Protocol price has broken above two critical roadblocks over the past year. After the first breakout, which happened around December, the AI crypto coin retested the blockade as part of a confirmation of the breakout. Ondo (ONDO) price continues to show weakness, aligning with broader market sentiment as altcoins take their cues from Bitcoin (BTC). The altcoin has managed to trade within a range, clinging to a crucial level as it repelled further to the downside. Near Protocol price poised for a strong rally if history rhymes.
Source: FXStreetNews - 🏆 14. / 72 Read more »