Near Protocol (NEAR)

The Near Protocol price is approaching one of the pivotal resistance zones between $4.43 and $4.5 after the recent rebound. This has helped the token gain some strength as the bulls appear to be poised for a bullish breakout in the coming days. With this, the price is expected to initiate a 50% upswing, which may accumulate another $5 billion market cap.

The recent rebound has helped the token to form a double bottom pattern and is about to reclaim the levels back within the Gaussian Channel. Besides, the RSI remains elevated, forming consecutive higher highs and lows. Therefore, the NEAR price is believed to rise above the pivotal resistance level at $5.5 but only when the token surpasses the pivotal resistance zone mentioned above. With this, the token may reach the neckline of the W-shaped pattern and trigger a fresh bull run toward the previous highs. $NEAR