NEAR Protocol (NEAR) is gaining massive attention as its price rises and shows significant bull trend indicators. At $7.03 each, NEAR Protocol has a strong 24-hour trading volume worth $1.49 billion-plus a market capitalization of $7.45 billion. During the last day alone, NEAR has increased by 6.48% which indicates that positive momentum and investor confidence are building up.
NEAR Potential to Surge 50%
Several cryptocurrency analysts have positive views on NEARs future movements. Hence, they are predicting a significant rise in NEAR’s value, fueled by various factors such as technological advancement, market sentiment towards the currency, and general industry trends.
Amongst these analysts, one name stands out- World Of Charts who is well known for his keen insight on market trends. In a recent analysis, World Of Charts has shown an extremely optimistic sentiment prevailing over the future course of NEAR.
The analyst points out that, after observing and analyzing closely for some time now, it would seem that Breakout is just around the corner. The analyst remains quite bullish and, therefore, predicts a breakout wave of about 50% if this happens according to the expectations.
NEAR Poised For Bullish Breakout
Another prominent figure in the cryptocurrency analysis sphere, ZAYK Charts, has recently shed light on an intriguing development surrounding NEAR. The analyst has identified a Symmetrical Triangle Formation within the 4-hour timeframe, a pattern often indicative of an imminent price movement.
With a green checkmark signalling confirmation, ZAYK Charts shares:”In the current 4-hour timeframe, $NEAR exhibits a Symmetrical Triangle Formation. In the event of a breakout from this pattern, I anticipate a bullish wave.”
ZAYK Charts’ analysis underscores the significance of technical patterns in understanding market dynamics and anticipates a bullish sentiment should NEAR successfully break out of the symmetrical triangle formation.
Furthermore, adding to the chorus of optimistic voices, ProfessorAstrones weighs in with a bold prediction for $NEAR: “My assessment of $NEAR leads me to confidently predict a notable surge in its value. In fact, I envision a scenario where $NEAR achieves the $10 milestone as early as next week.”
ProfessorAstrones’ assertion reflects a strong conviction in $NEAR’s potential for robust growth, with a specific price target of $10 within the relatively short timeframe of the upcoming week.
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