🚀 Get ready for an imminent surge in NEAR Protocol as the cryptocurrency shows signs of a strong rebound. After successfully retesting the $2.57 to $2.70 resistance level, NEAR has experienced a 21% rally.
🚀 The current price of $3.09 reflects a swift recovery, with the $2.70 resistance level now acting as a solid support floor. Investors looking to accumulate NEAR are expressing interest in this development, anticipating significant gains in the coming weeks.
🚀 Key indicators support the bullish outlook, including a clear rebound off the 50-day moving average on the three-day Relative Strength Index (RSI). Additionally, the Awesome Oscillator has initiated its first green histogram above zero, signaling a potential return of bullish momentum.
🚀 The breakout from the resistance zone between $2.57 and $2.70 on December 18, 2023, led to a local top at $4.63, representing a 62% rally. Despite a subsequent 47% market-wide drop, NEAR held the flipped barrier, demonstrating resilience.
🚀 The next crucial target is the $5.87 weekly resistance level, and if the current positive momentum persists, a 100% increase in NEAR's price is plausible. However, vigilance is essential, as a three-day candlestick closing below $2.57 would invalidate the bullish scenario.
🚀 Stay tuned for potential massive gains as NEAR Protocol gears up for a notable price surge.
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