Bullish Signals Suggest NEAR Could Hit $8
The daily technical indicators for NEAR price on Binance show a notable uptrend in recent sessions. The Moving Average Convergence Divergence (MACD) histogram reflects this positive shift with increasing green bars, suggesting bullish momentum.
The MACD line has crossed above the signal line, affirming the uptrend. This crossover and subsequent rise indicate potential continued strength in NEARâs price.
the NEAR Protocol derivatives market has experienced significant growth. The trading volume has surged by 198%, reaching an impressive $1.03 billion.
The open interest in these derivatives has also seen a substantial increase of 41.91%, amounting to $262.50 million. These metrics indicate a growing interest and increased activity in NEAR Protocolâs derivatives products.
Additionally, the price movement has recently broken above a consolidation pattern, suggesting a possible continuation of the uptrend if the current momentum sustains.
If bullish momentum mounts more pressure, the top altcoin could hit the $6 level, and more gain could rally above the $10 resistance level in the near term.
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