【From $3.5 to $6.83: NEAR Protocol's 95% Surge Targeting $11】
The recent price action of NEAR tokens shows a strong V-shaped rebound, soaring from $3.50 to $6.833, with a staggering increase of 95% within three weeks. Despite a slight pullback of 0.52% on the day, NEAR has still presented four consecutive green candles, accumulating nearly 30% in gains.
Currently, the price is encountering resistance at the 78.60% Fibonacci level ($7.263), indicating that this level serves as a short-term pressure point. Technical indicators such as RSI show that the price has entered the overbought zone, potentially facing short-term pullback pressure, with the 61.80% Fibonacci level ($6.458) becoming a key support level.
Additionally, the 100-day and 200-day EMA lines have formed a golden cross, further reinforcing the bullish trend. If the price breaks through the 78.60% Fibonacci resistance level, the next target will be $8.29, with longer-term targets of $9.59 and $11.25 (corresponding to the 1.272 and 1.618 Fibonacci levels, respectively).
The overall upward trend of NEAR indicates significant growth potential in the market recovery, but it may face challenges from the pressure levels in the short term.
