CandleFocus Near token could surge 225%, crypto analyst predicts
2024-10-24
Author: Content Editor
The Near Protocol token has experienced a significant drop of almost 50% from its highest level this year, remaining in a strong bear market. However, popular crypto analyst Michael van de Poppe predicts that it will bounce back and potentially reach between $10 and $15, representing a 225% increase from its current level. Near Protocol has struggled compared to other newer networks, with a lower total value locked in the DeFi industry and a smaller market share in the Decentralized Exchange industry. Despite this, it handles substantial transactions each week and has formed bullish chart patterns, including a symmetrical triangle and an inverse head and shoulders pattern, suggesting the potential for more upside.
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