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Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators

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In recent market activity, Bitcoin (BTC) experienced a decline, hitting a low of $65,500 before bouncing back from this critical support level. Despite this temporary setback, the overall trend for Bitcoin remains positive, signalling the potential for future gains.

A notable development in crypto is the progress in repayments from the defunct Mt. Gox exchange. As former investors finally receive their funds, this large-scale movement of Bitcoin may have contributed to the slight dip in BTC prices observed recently.

Bitcoin Shows Potential Breakout Toward $67,000

Crypto analyst Ali Martinez has identified promising signs of a potential breakout for Bitcoin. Martinez highlighted that Bitcoin is showing strong signals of heading towards $67,000.

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One key technical indicator supporting this bullish outlook is the Relative Strength Index (RSI), which has already broken its descending trendline. To solidify this positive trend, Bitcoin needs to surpass the crucial resistance level of $66,450.

As of now, Bitcoin is trading at $66,461, with a 24-hour trading volume of $115.34 billion. The market capitalization stands at $1.31 trillion, securing Bitcoin’s dominance at 53.84% of the total cryptocurrency market. Over the last 24 hours, BTC price has seen a minor decrease of 0.17%.

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Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators 5

Bitcoin Reclaims Critical Level, Eyeing $72,000 Mark

Renowned crypto analyst Jelle has highlighted a significant development in the Bitcoin market. Bitcoin has successfully reclaimed a critical breakdown area, indicating a robust local market structure. This bullish momentum suggests that Bitcoin could soon test the $72,000 mark once again.

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Supporting this optimistic outlook, data from Coinglass reveals that approximately $7 billion in short liquidations are clustered around the $72,000 level. The potential for these short positions to be liquidated could add substantial buying pressure, propelling Bitcoin’s price higher.

Adding to the bullish sentiment, analyst Titan Of Crypto has pointed to an encouraging signal from the Hash Ribbons indicator on the daily chart. It is an enormously impressive track record-indicating tool that breathed a buy signal recently. Historically, out of seven times such a signal appeared, Bitcoin saw a significant rally.

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These variables have combined to create an air of anticipation and optimism in the crypto community. Key technical indicators have all aligned and significant short liquidations are back in play, so Bitcoin seems to be lining up a big move to the upside

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Solana (SOL) Poised For Breakout: Analysts Eye $500 Target

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Solana (SOL) is making waves with its impressive performance, drawing increasing attention from analysts and investors alike. Over the past week, SOL has experienced a notable surge of nearly 18%, indicating strong market confidence and potential for further upward movement.

Solana’s recent performance is a testament to its resilience and growth potential. On July 5th, SOL hit a low of $122, a critical support level that proved to be a turning point. Since then, SOL has embarked on a robust upward trajectory, marking a remarkable 36% increase over the past 30 days. This upward trend has reinforced the market’s belief in Solana’s potential to continue its ascent.

As of the time of writing, SOL is trading at $179.56, with a 24-hour trading volume of $8.77 billion and a market capitalization of $80.70 billion. The SOL price has increased modestly yet significantly by 1.39% in the last 24 hours, underscoring the sustained interest and trading activity surrounding this cryptocurrency.

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Solana (SOL) Poised For Breakout: Analysts Eye $500 Target 8

Analyst Forecasts Solana (SOL) Price to Hit $500

A well-known analyst, Jelle, has sparked excitement with a bullish prediction for Solana (SOL). The crypto community is abuzz with anticipation as SOL appears to be on the verge of a significant breakout.

For months, traders and enthusiasts have been closely observing SOL’s price movement, eagerly awaiting signs of a bullish trend. According to Jelle, the long-awaited moment has arrived. Solana is breaking out of what is known as a “re-accumulation structure,” a pattern suggesting potential for a substantial price rally.

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Reflecting on SOL’s previous bull run in 2021, Jelle forecasts a similar trajectory that could propel SOL’s price to approximately $500 in the coming months. This optimistic outlook is fueled by both technical indicators and market sentiment, which suggest that Solana is primed for growth.

Jelle’s confidence is infectious, capturing the imagination of investors who are keen to see history repeat itself. With portfolios ready, the community is gearing up for what could be a transformative period for Solana.

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Analyst Predicts XRP Skyrocketing to $150 with 41,400% Gain

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Ripple (XRP) could be on the verge of a major upward climb, thus signaling a possible bullish wave in the near future. In the past seven days, the token surged almost 14%; for the last 30 days, it had an impressive increase of 25% in value. This robust performance speaks to growing investor confidence and interest in XRP.

At the time of writing, XRP is trading at $0.612972. Its 24-hour trading volume stands at a remarkable $3.57 billion, pointing to an increase in trading activity. Its market capitalization offers it a commanding position with $33.98 billion for a market dominance of 1.38%. In the last 24 hours alone, the price has increased by 5.02%.

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Renowned crypto analyst World Of Charts has expressed a bullish outlook on XRP’s short-term price trajectory. According to the analyst, the token is on the verge of a massive breakout in the weekly timeframe. If this breakout occurs, it could potentially lead to a 2-3x increase in the token’s value in the midterm.

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The token’s recent performance, together with a bullish outlook, suggests it is perfectly positioned for a significant uptrend. Investors and traders should keep a close eye on the token since it continues to show high potential for further upside in the coming weeks.

Analyst Predicts XRP to Surge Over 41,400%

Javon Marks has recently made waves with his highly optimistic long-term outlook for XRP, the digital asset associated with Ripple. Marks suggests that XRP is on the verge of a monumental bullish breakout. He points out that the token has recently tested crucial resistance levels, signaling the potential for a significant upward trajectory.

According to Marks, the token could embark on an extraordinary run if the current market strength persists. The analyst highlights a “full Logarithmic Follow-Through,” which, in his view, could propel XRP to unprecedented heights. He predicts a staggering increase of over 41,400%, potentially pushing the asset’s value to more than $150.

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Marks’ analysis is based on technical indicators and market patterns that point to a strong bottom for XRP’s further growth. He suggests that market conditions should align favorably to make this dramatic surge possible.

As forecasted by Javon Marks, this may put the token in a good picture of the future, provided it can keep its strength in the market. His forecast for a gain of 41,400% underlines the big gains that might occur, thus placing XRP right in the digital assets watch zone over the next few months.

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Cosmos (ATOM) Poised For Breakout: Analyst Eyes $12.15 Price Target

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Cosmos (ATOM) has remained relatively placid, tilling little to the broader recovery trends. However, this places it on the verge of a strong breakout that might set the scene for further upside.” The ATOM rose only a little by 1.23% over the past week and lost 5% over the last 30 days.

The general sentiment of the market is bullish, driven by Bitcoin’s recent surge and also by the upcoming launch of Ethereum ETFs on July 23rd. These seem to factor into a positive setting for altcoins to recover from their recent lows where ATOM is well-positioned to start its upward trend.

Currently, Cosmos is trading at $6.38, with a 24-hour trading volume of $234.82 million, a market cap of $2.49 billion and dominance of 0.10% over the crypto market. The conditions are really enticing for ATOM to capitalize on this bullish momentum of the marker and gain ground in the upcoming weeks despite a slight decrease of 0.54% in the last 24 hours.

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Cosmos (ATOM) Poised For Breakout: Analyst Eyes $12.15 Price Target 14

As the cryptocurrency community continues to look forward to the impact of Ethereum ETFs and the continued strength of Bitcoin, Cosmos may go on to become one major performer that commands attention as traders scour the altcoin space for promising opportunities.

Analyst Predicts Bullish Breakout for Cosmos (ATOM) Eyes $12

Renowned cryptocurrency analyst Jonathan Carter recently expressed a positive outlook on Cosmos (ATOM), predicting a promising price trajectory. According to Carter, ATOM navigates a key technical formation, a falling wedge on its daily chart. This pattern is often considered bullish, suggesting a potential upward breakout.

Cosmos is trading near a descending resistance line, a critical area where selling pressure has historically been high. However, the proximity to this line also indicates a buildup of momentum for a potential breakout. If the price manages to breach this resistance, it could signal the start of a strong upward movement.

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Cosmos Could Hit Several Key Price Levels Once the Falling Wedge Breaks Out. The first target is set at $7.25, followed by $8.85. If bullish momentum sustains, ATOM might reach as high as $12.15. These targets represent notable gains for investors who ride the breakout.

Several technical indicators corroborate this bullish view. Increasing volumes of trading and bullish divergences on momentum indicators like the RSI set the stage for this event of breakout. Traders monitor these signals very closely and would expect a frenzy of buying interest once the resistance level is broken

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Bitcoin (BTC) on the Verge of Huge Uptick: Analyst Predicts $116k Mark

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Bitcoin (BTC) is showing strong signs of a significant upward movement, positioning itself for a potential new all-time high. This bullish sentiment comes despite recent bearish pressures that saw BTC experience a substantial sell-off.

The cryptocurrency encountered heavy selling pressure, driven mostly by two significant events: First, the German government liquidated seized BTC assets that flooded into the market, thus pushing its price down. The second one was Mt.Gox, infamously, a fallen cryptocurrency exchange in 2014, announcing its long-expected repayment plan to creditors.

This announcement sparked fears of a massive sell-off as creditors might liquidate their received BTC. However, Bitcoin has demonstrated remarkable resilience. After hitting its $53.7k low, BTC rebounded and embarked on an upward trajectory, successfully surpassing several critical resistance levels.

At present, BTC is trading at $66,519. Over the past 24 hours, it has seen a trading volume of $97.78 billion. Its market capitalization stands at $1.31 trillion, giving it a commanding market dominance of 53.88%. In the last 24 hours, Bitcoin’s price has risen by 3.71%, reflecting strong market interest and activity.

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Bitcoin (BTC) on the Verge of Huge Uptick: Analyst Predicts $116k Mark 17

Bitcoin Bullish Trend May Push Price Beyond $116,000

In a recent analysis, the highly regarded crypto analyst Javon Marks shared his optimistic perspective on Bitcoin’s price trajectory. Marks pointed out that Bitcoin (BTC) has recently demonstrated and confirmed a Hidden Bullish Divergence, which has been followed by a significant bullish move, propelling it near the crucial $67,559 level.

Marks elaborated that this Hidden Bullish Divergence is a potent technical signal, suggesting that Bitcoin could experience further upward movement. Specifically, breaking through the $67,559 level could lead to an approximate 6% increase, pushing the price up to around $71,200. However, this scenario is particularly significant because surpassing the $67,559 threshold opens the door to a much higher technical target of $116,652.

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If Bitcoin can hold this momentum and remain above $67,559, Marks sees an extra nearly 72% surge, potentially above $116,000. This will depend on the continuation of the uptrend and sustained confirmation of the Hidden Bullish Divergence.

As Bitcoin continues to tread these key price levels, investors and traders shall watch its performance closely. A sustained move above $67,559 could set off a whole new wave of bullish activity that may drive the market to new heights.

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Polkadot (DOT) Shows Resilience with $6.29, Analysts Predict $9.00 Mark

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Polkadot (DOT) is showing resilience as it maintains its support level and prepares for a notable upward trajectory. Over the past week, DOT has experienced a modest gain of 1%, signaling the beginning of what many analysts predict will be a substantial uptrend and potential breakout.

Changelly’s latest forecast for Polkadot suggests a promising outlook, projecting a 10.34% increase in value, which could propel DOT to $6.83 by July 21, 2024. This optimistic prediction is underpinned by the current market indicators.

According to Changelly’s technical analysis, the market sentiment towards Polkadot is currently classified as “Neutral Bullish,” with 63% of sentiment leaning towards a positive outlook. Additionally, the Fear & Greed Index is reflecting a score of 60, which denotes a state of “Greed” in the market, further reinforcing the bullish sentiment.

As of the latest update, Polkadot’s price stands at $6.29. The cryptocurrency has seen a 3.22% increase in value over the past 24 hours, with a trading volume of $382.82 million and a market capitalization of $6.21 billion. This recent price movement underscores the growing interest and confidence in Polkadot’s future performance.

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Polkadot (DOT) Shows Resilience with $6.29, Analysts Predict $9.00 Mark 20

Analyst Predicts Polkadot (DOT) Could Hit $9.00

Recently, renowned crypto analyst Jonathan Carter has shared an optimistic forecast for Polkadot (DOT), a blockchain platform known for its innovative approach to interoperability. Carter has observed a significant technical development in Polkadot’s price chart. The cryptocurrency recently emerged from a falling wedge pattern, a formation often seen as a bullish signal.

This pattern, characterized by converging trendlines, typically indicates a period of consolidation before a breakout. According to Carter, DOT has successfully breached the upper boundary of this pattern, a move that he believes could set the stage for further upward momentum. Following this breakout, Polkadot’s price action has been testing this upper border, a crucial level that will determine the next phase of its trajectory.

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Carter’s analysis suggests that if the cryptocurrency maintains its bullish momentum and successfully bounces off this level, it could reach several key price targets. Specifically, he anticipates potential price points of $6.50, $7.75, and even $9.00 in the subsequent bullish wave.

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THORChain (RUNE) Up 28%: Analyst Targets $8 Short-Term, $54 Long-Term

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THORChain (RUNE) is signaling a potential breakout, suggesting that a notable upward movement might be on the horizon. After recently hitting a low of $3.11, RUNE has demonstrated a remarkable resurgence, climbing nearly 28% over the past week.

Currently, THORChain is trading at $4.68, with a 24-hour trading volume of $226.70 million. Its market capitalization stands at $1.57 billion, representing a market dominance of 0.06%. Over the last 24 hours, RUNE’s price has experienced a 5.57% increase.

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THORChain (RUNE) Up 28%: Analyst Targets $8 Short-Term, $54 Long-Term 23

The cryptocurrency market is experiencing a surge in optimism, driven by Bitcoin (BTC) surpassing $67,000. This uplift is boosting the recovery of altcoins like RUNE. Additionally, the anticipated launch of Ethereum ETFs on July 23rd is expected to further energize the market, echoing the positive impact that Bitcoin ETFs had in the past by fueling a bullish trend and pushing altcoins to new highs.

Analyst Eyes RUNE $8 Short-Term, $54 Long-Term Targets

A prominent crypto analyst, Alex Clay, has recently expressed a highly optimistic outlook for THORChain (RUNE), identifying potential price targets that suggest significant growth in the near and distant future. According to the analyst, the RUNE/USDT trading pair displays an exceptionally bullish structure, characterized by a re-accumulation phase marked by a bullish pennant formation.

This pattern is emerging above a strong support zone, which is reinforced by a major trendline and key support/resistance levels, indicating a consolidation period likely to precede a substantial upward movement.

In the short term, the analyst anticipates RUNE reaching a price target of $8.60. This immediate goal reflects growth expectations as the market responds to the current patterns and support levels. The mid-term outlook is equally promising, with potential targets set at $13.50 and $16.90. These projections suggest that the token could continue to appreciate as it progresses through various market cycles.

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From the long-term perspective, the analyst’s forecast becomes even more ambitious, predicting that RUNE could reach levels of $34.10 and $54.70. Such projections imply a strong belief in the token’s potential for significant appreciation, assuming continued positive market conditions and sustained strength in the bullish trends observed.

The analysis is hinting at a probably highly transformative trajectory that RUNE is about to follow, realizing significant gains across different time frames. This calls upon investors and traders, then, to Commerce these Targets closely as that in the current technical Setup may translate to massive price movements in the upcoming months.

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Analyst Forecasts XRP Surge to $1.3-$1.5 Before Major Growth to $6.4

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Ripple (XRP) is leading with very strong momentum, indicating a possible climb to new all-time highs. Following a recent low of $0.39, the token pivoted upwards, continuing higher and higher. On a weekly basis, it surged nearly 18%, hence outperforming with strong signs for further rise.

Currently, the token is priced at $0.5708, with a 24-hour trading volume of $4.09 billion and a market cap of $31.64 billion. The price has seen a slight increase of 0.01% in the last 24 hours. The token’s recovery from its recent low reflects strong investor confidence. The increased trading volume suggests heightened interest and potential for further price appreciation.

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Analyst Forecasts XRP Surge to $1.3-$1.5 Before Major Growth to $6.4 26

The overall crypto market is experiencing a bullish phase, largely driven by a Bitcoin price surge. This positive momentum has created a favourable environment for altcoins, including XRP, to rally. The optimism surrounding Bitcoin has had a spillover effect, benefiting other cryptocurrencies like XRP, which have also seen gains as a result of the overall market trend.

XRP’s Path to $1.3-$1.5 Before $6.4 Ambition

Renowned crypto expert EGRAG CRYPTO recently expressed a bullish outlook on XRP’s price trajectory. He described the breach of the “Atlas Line,” a key resistance level, as a “Bear Trap.” Currently, the token is trading within the $0.55-$0.58 range, and a weekly close within this range could lead to a test of the $0.70-$0.75 level, which he calls the “GENUINE Wake-Up Line.”

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EGRAG predicts a short-term surge, with XRP potentially reaching $1.3-$1.5. This would precede a retest of the Triangle Breakout, setting the stage for further explosive growth. Looking ahead, EGRAG identifies a major target at the Fibonacci 1.618 level, forecasting a price of $6.4 for XRP. This ambitious target underscores the analyst’s confidence in the token’s potential.

Captain Faibik, another well-respected analyst, shares a similar sentiment. He highlights that XRP bulls are trying to clear a crucial trendline resistance on the weekly chart. According to him, once this breakout occurs, it will result in a significant price pump.

XRP’s current position suggests it can improve substantially considering that it builds momentum and breaks trough some critical resistance levels. As always, investors should do their own research about market conditions and decisions regarding investment.

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Avalanche (AVAX) Shows Signs of Major Breakout: Analyst Eyes $41 to $60 Range

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Avalanche (AVAX) is showing signs of a major breakout, setting the stage for a potential significant upward climb. Recently, AVAX has increased by nearly 8%, and over the past 30 days, it has risen by 4%, indicating strength and the potential for further growth.

As of now, Avalanche is priced at $27.57, with a 24-hour trading volume of $707.73 million. Its market cap stands at $10.83 billion, giving it a market dominance of 0.45%. Despite a 4.15% decrease in the last 24 hours, AVAX is displaying resilience and the promise of recovery.

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Avalanche (AVAX) Shows Signs of Major Breakout: Analyst Eyes $41 to $60 Range 29

Avalanche’s recent performance highlights its ability to maintain momentum even amid short-term volatility. The crypto market has been known for its unpredictability, yet AVAX’s consistent upward trend over the past month reflects a strong foundation and investor confidence.

Experts Predict $41 to $60 Range for Avalanche (AVAX)

In a recent analysis, crypto expert Jonathan Carter shared an optimistic outlook on Avalanche (AVAX), highlighting several key technical indicators that suggest the potential for an upward trend. As the crypto market evolves, Carter’s insights offer a glimpse into what might lie ahead for AVAX investors.

Avalanche is currently breaking through its descending resistance line and trading near the 50-day moving average. This positioning is crucial, as it often signals a potential shift in market momentum. The alignment with the moving average suggests that AVAX is gaining strength, and traders are watching closely for further signs of a bullish trend.

Carter emphasizes that a breakout above the dashed resistance level at $29.30 could be a game-changer for Avalanche. If AVAX surpasses this critical threshold, it could initiate a robust bullish trend, with potential price targets set at $41.60 and $60.40. Such a breakout would boost investor confidence and attract new interest in the cryptocurrency.

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Backing Carter’s outlook, Changelly’s most recent prediction on the price records a 13.86% uptrend, expecting the AVAX token to rise to $32.28 by July 19, 2024. The forward has much in common with the current optimistic sentiment around Avalanche in the sense that the first one suggests that the market is full of potential.

Changelly technical indicators demonstrate a 61% neutral yet bullish outlook on Avalanche. Additionally, the Fear & Greed Index, a popular measure of market emotions, stands at 69, falling within the greed zone. That would mean investors are bold and willing to take more risks, which usually supports lifting prices even higher.

Related Reading |  NEAR Protocol (NEAR) Breaks Resistance, Eyes $7.685 Amid Bullish Trend

NEAR Protocol (NEAR) Breaks Resistance, Eyes $7.685 Amid Bullish Trend

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Recently, a well-known crypto analyst, World Of Charts, highlighted a significant development with NEAR Protocol (NEAR). According to their analysis, NEAR has successfully broken out of a falling wedge pattern and has been enjoying an almost 8% profit since the breakout. Despite this promising start, there is still a long way to go before NEAR reaches its full potential.

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The broader cryptocurrency market is experiencing a bullish phase, largely driven by a surge in Bitcoin’s price. This positive momentum has created a favorable environment for altcoins, including NEAR, to rally. The optimism surrounding Bitcoin has had a spillover effect, benefiting other cryptocurrencies like NEAR, which have also seen gains as a result of the overall market trend.

Adding to the excitement in the market is the much-anticipated launch of Ethereum Exchange-Traded Funds (ETFs), scheduled for July 23rd. This significant event is expected to further boost the altcoin market. The introduction of Ethereum ETFs is set to inject a fresh wave of optimism into the market, attracting new investors and increasing demand for altcoins.

As NEAR continues to build on its recent breakout, market watchers are keenly observing its trajectory. The combination of technical chart patterns and favorable market conditions suggests that NEAR could be poised for further gains. Investors are advised to keep a close eye on developments and market trends to make informed decisions in this evolving landscape.

NEAR Eyes $7.68 After Breaking Key Resistance Level

According to the latest price analysis from More Crypto Online, NEAR Protocol (NEAR) might have completed its wave ii/b, reaching the 100% extension level at $4.03. However, the chart’s current structure has become somewhat ambiguous.

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A critical observation is that the recent rally from its low point formed a three-wave move. This pattern could evolve into a five-wave move, suggesting a potential micro 1-2 setup that warrants close attention.

In the last 24 hours, NEAR has experienced a notable surge of over 6%, marking a 37% increase over the past week. Currently trading at $6.40, NEAR Protocol holds the 17th position in the cryptocurrency rankings with a market cap of $6.6 billion, reflecting growing investor interest.

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NEAR Protocol (NEAR) Breaks Resistance, Eyes $7.685 Amid Bullish Trend 33

From a technical perspective, NEAR has successfully broken out of the descending triangle’s resistance trendline, surpassing the critical upper resistance level at $6.225. A sustained move above this level could pave the way for NEAR to target the $7.685 mark in the coming weeks, indicating a promising outlook for the altcoin.

The recent performance and potential breakout signify increasing confidence among investors, and the upcoming price movements will be crucial for NEAR Protocol’s future trajectory. Market participants are advised to keep a close watch on the unfolding trends and the possible micro 1-2 setup, which could be significant for future gains.

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