đ NEAR Protocol Breaks Out, Aiming for $8.5
NEAR Protocol is gaining momentum after breaking a
descending trendline, pushing past key resistance at $5.55. The
next challenge is the $6.41 level, where selling pressure could
slow the rally.
đ Bullish Indicators:
The Parabolic SAR has flipped bullish, signaling strong upward
momentum. High trading volumes and increased development
activity in the NEAR ecosystem support the rally. A surge in Open Interest (up 20.6%) indicates strong market participation, with a preference for long positions.
If NEAR breaks past $6.41, it could be on track to hit $8.5.
