Near Protocol (NEAR)

With a market cap of 4.995 billion, the NEAR protocol is the biggest AI and big data token in the crypto market. On the verge of hitting the $5 billion mark, the NEAR token price has increased by 5.59% in the last 24 hours and 10.64% in 7 days.

Currently, the NEAR token is trading at $4.58 and reveals a streak of 3 bullish consecutive candles. In the recent bull cycle, the AI token has increased by 15% over the last five days.

The NEAR token will challenge the 23.60% Fibonacci level at $4.782. The overhead resistance is in confluence with the dynamic 50-day EMA. Furthermore, the recent death cross between the 50 and 200-day EMA has a bearish influence on the NEAR price trend.

However, the ongoing recovery rally with the bullish crossover in the MACD indicator suggests a breakout rally shortly. With the potential breakout, the NEAR token price could hit the 50% Fibonacci level at $6.190 with the $7.71 or 78.60% level on the radar.$NEAR