NEAR — All Engines Go For $7.50 🚀
Like many other altcoins, NEAR shows a super-juicy chart setup and promising indicators. If the market remains strong, NEAR should be able to tackle the 7.50 area soon — resulting in a 20% potential (based on the current level).
Here are all details 👇
1️⃣ Chart Analysis
NEAR's current chart is a demonstration of strength! Since the beginning of July, NEAR has pumped more than 50% (!!). More importantly, NEAR could flip the resistance at $6 into a support. It smashed the resistance three days ago, and a beautiful re-test has been performed recently.
Since the $6 support held nicely, NEAR should be ready to tackle the next significant resistance at $7.5 — especially since there's no more significant hurdle in between. Indeed, the area at $6.7 might slow down for a moment, but ultimately, $7.5 is the next battle to win.
2️⃣ Technical Indicators
Trend indicators are all well in shape and point towards a bullish trend. Moreover, momentum indicators have returned to neutral zones—thanks to the latest correction—which was desperately needed to ensure a solid continuation of the uptrend.
3️⃣ Trade Signals
NEAR has started flashing bullish trade signals on the 1H and 4H charts. If the market doesn't go bananas, we should quickly see trade signals on the daily chart, which serve as final confirmation of a trade entry.
4️⃣ AI Forecasts
That's the exciting and further strengthening part. Both the Deep AI and Pattern AI Forecast predict a price of approximately $6.7 during the next seven days, perfectly aligning with the strategy described above.
✅ Way Forward
Since NEAR has already retested the support, an entry makes sense now. If you want to reduce the risk further, you can wait for trade signals on the daily chart.
