Is A Rally To $10 Imminent For Near Protocol (NEAR)?
On the daily chart, $NEAR saw a notable support-turned-resistance flip at the $5.10 mark, solidifying it as new support after its upward trajectory. This level served as a critical juncture for future price movements.
Adding to the optimism, a golden crossover occurred yesterday. It is a bullish signal where the short-term moving average crosses above a longer-term moving average, in this case, the 13-day EMA.
The retest of this trendline, coupled with the golden cross, painted a promising picture for NEAR. The volume and price action suggested that the asset was gaining momentum, potentially targeting the $10 mark.
As NEAR garners more interest, the market closely watches for its next moves. The technical setup at press time indicated a strong uptrend could be in store.
Now $NEAR is trading around $6.349, try to climb $10
