NEAR Poised for a Potential 572% Surge if Bullish Reversal Holds
#Nearusdt #nearusdt. #NEARUSDT.P #Write2Earn! #BinanceSquareFamily
NEAR Protocol shows potential for a strong bullish move, despite facing a correction in the daily timeframe. The price could bounce off the "Golden Zone" (GZ), a crucial area for long positions, and break the current geometric resistance. If the bullish scenario plays out, the target is set at $15.3.
Key Points :
- **Current Position**: NEAR is expected to correct further in the short term, but watch for a bounce from the GZ for a bullish reversal.
- **Target**: The bullish projection is a +572% increase, with a target price of $15.3.
- **Resistance**: The critical obstacle is the geometric resistance that needs to be broken to confirm the bullish trend.
Conclusion :
NEAR is currently in a correction phase, but a bounce off the Golden Zone could ignite a massive rally. If successful, a significant rise to $15.3 is possible, offering a potential 572% gain. However, breaking through resistance is key to confirming the bullish outlook.
Advice :
- **Monitor the GZ**: A bounce here could signal a strong buying opportunity.
- **Watch for Resistance**: Ensure the geometric resistance is broken before committing heavily.
- Risk Management : As with any large gain potential, ensure proper stop losses are in place in case the bounce fails to materialize.