Is rally10 expected to rise to level 10 due to Near protocols?
the NEAR/USDT pair reached the golden cross on the daily timeframe.
The gray scale shows an increase in the funds on the protocol tokens near this level.
The #Near Protocol price action chart saw a significant movement when the Near/USDT pair broke through it and retested the major trend line. This reinforced the bullish sentiment among traders.
On the daily chart, there was a notable reversal from support to resistance at 5.10 by the close, which became a new support after an upward trajectory. This level served as a key point for future price fluctuations.
Additional optimism was added by the fact that a golden crossover occurred yesterday. This is a bullish signal when the short-term moving average exceeds the long-term moving average (in this case, the 13-day EMA). This event usually indicates the possibility of a significant price increase and attracts traders' attention. The retest of this trendline, combined with the Golden Cross, painted a promising picture near it. Volume and price dynamics showed that the asset is gaining momentum and potentially targeting the £10 mark.
NEAR is attracting more and more interest, so the market is watching closely for further action. Technical parameters at the time of publication indicated the possibility of a strong uptrend.
Seth, a well-known analyst, believes that NEAR has achieved an impressive performance in the #cryptocurrency market, as evidenced by the recent technical analysis of the daily chart.
Analysts noted that NEAR has consistently maintained an upward trajectory within a well-defined upward channel, but this has not changed since the beginning of 2023.
the Relative Strength Index (RSI), a key indicator of momentum, has bottomed out and is in an uptrend. This indicates the increased interest of buyers and the possibility of further price increases.
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