Date: Wed, Sept 25, 2024, 05:45 PM GMT
The cryptocurrency market has seen a wave of upside rallies in recent days, especially among AI-related tokens like Bittensor (TAO) and Fetch AI (FET). Near Protocol (NEAR) has joined the party, posting impressive gains of over 28% in the past week. Currently trading at $5.18, with a market cap of $5.87 billion, NEAR is grabbing attention once again.
Source: Coinmarketcap
Meanwhile, crypto analyst CryptoBullet1 has shared an in-depth analysis of NEAR's recent performance. According to him, $NEAR has completed its medium-term correction and is poised for a bullish breakout. He predicts that the upcoming wave will mirror the explosive growth NEAR saw from Q4 2023 to Q1 2024.
Credits: CryptoBullet1
In his analysis, @CryptoBullet1 set ambitious price targets for NEAR:
Target 1: $29
Target 2: $52, which he believes aligns with his forecast for the top of the next macro bull market.
With the correction phase behind it, NEAR appears ready for a new leg up in its journey. However, as always, it's crucial to approach such predictions with caution.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
