CandleFocus NEAR Protocol on Track for a 45% Rally in October
2024-09-30
Author: Content Editor
The NEAR Protocol cryptocurrency has experienced a significant surge in price, increasing by more than 50% in the past two weeks. Despite facing resistance at a key price level, the altcoin shows signs of further gains and a potential breakout that could lead to a 45% rally. Investor sentiment remains positive, as indicated by a positive funding rate and dominant long positions. Key technical indicators, such as the Chaikin Money Flow, suggest increasing buying pressure and macro momentum. Currently trading at $5.31, NEAR's target price if it overcomes resistance is $7.47. The cryptocurrency will need to establish a strong support level at $6.37 for the rally to materialize.
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