Near Protocol's weekly chart showcases a remarkable comeback rally, shattering numerous barriers.
The NEAR price has witnessed an astounding 253% return over the past three months, sustaining a bullish trend at an impressive pace.
The uptrend is reinforced by a surge in intraday trading volume and a positive shift in sentiments, contributing to the growth of Near Protocol's network.
According to Coingabbar Price Analysis, In the weekly time frame technical analysis, NEAR's price broke out from a descending resistance, suggesting a high-speed bullish reversal.
The Weekly chart reveals a bullish candle, indicating a potential longer recovery, with a significant 65% gain this week.
The bullish momentum is evident in the daily chart, where multiple bullish engulfing candles emerge as NEAR tests the $4 mark.
Despite the optimistic trend, a short-term pullback results in a longwick candle, and NEAR is currently trading at $3.55.
The critical point revolves around the $4 mark; a breakout beyond this level could propel NEAR's rally to reach the $5 mark.
The overarching question remains: Can NEAR cross the $4 barrier before the conclusion of 2023, sustaining the ongoing recovery rally?
KEY LEVELS :
RESISTANCE LEVEL : $3.60-$3.80
SUPPORT LEVEL : $3.27-$3.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
