Near Protocol (NEAR) is showing strong bullish momentum again! 🚀 Analysts believe the token could rally to $10 after breaking out of a clear pennant pattern. 📈
In the past 24 hours, NEAR has increased by 1.9%, and in a week, it has increased by 29.1%! 😃 Year-to-date, NEAR has increased by 240.3%. Despite the skyrocketing price, NEAR is still 73.9% below its all-time high of $20.44 in January 2022. 📉
Analysis from World Of Charts states that the breakout and retest that occurred indicate the potential for further increases. 🔍 They also compared NEAR's pattern to the patterns that occurred in Bitcoin (BTC) and XRP, which also showed an increase after the breakout. 💪
Now, NEAR is trading between $5.12 and $5.63, and there is hope for further upward movement. 🤑 However, there are some resistance levels that may be a challenge before reaching the $10 target.
So, for traders, this is a great opportunity to position and take advantage of the potential NEAR price increase ahead! 🎯$NEAR