NEAR Price Surges 65% as Sharding Drives Adoption

  • NEAR has recovered from the recent pullback that saw it drop to $3.409.

  • The altcoin recovered by surging 65% in the past three weeks.

  • Sharding implementation triggered increased NEAR adoption, leading to surging prices.

NEAR, the native token of the Near Protocol, rebounded from a recent pullback that sent it to $3.409 on September 6. NEAR recovered in about three weeks, shifting the cryptocurrency’s price trend into a classic bullish mode due to increased adoption.

TradingView data shows that NEAR jumped nearly 65% in the past three weeks, breaking above key resistance levels. The blockchain token has recovered from the losses it experienced between August 24 and September 6, when the price faced strong bearish pressure.

NEARUSD Daily Chart on TradingView

Technical analysis of the NEARUSD daily chart shows a bullish breakout from a W-Pattern, signaling the start of another phase in the bullish trend. NEAR climbed above the August 24 $5.26 top, which aligns with 0.618 Fibonacci resistance. The altcoin retraced to retest the resistance-turned-support before bouncing upward.

NEAR’s new path could lead to further upward movement, with analysts expect


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