CandleFocus NEAR Price Surges 65% as Sharding Drives Adoption
2024-09-26
Author: Content Editor
NEAR, the native token of the Near Protocol, has rebounded from a recent pullback and entered a bullish mode due to increased adoption. The token has jumped nearly 65% in the past three weeks, breaking above key resistance levels. Technical analysis shows a bullish breakout from a W-Pattern, indicating the start of another phase in the bullish trend. Analysts expect NEAR to target the next resistance level around $6.5. The recent surge in NEAR's price is believed to be driven by the implementation of sharding on its network, which offers scalability and security without sacrificing decentralization. On-chain data also shows growing adoption and increased user engagement on the platform.
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