CandleFocus NEAR’s Path to $6 Hasten as Fresh Bullish Momentum Signals a Potential Breakout
2024-09-18
Author: Content Editor
NEAR Protocol (NEAR) is currently in a downtrend but is showing signs of a potential breakout. The token has been stuck in a downward channel, but recent bullish signals in the market suggest that it could rise to $6 if it is able to break its resistance. Support at $3.49 is holding firm, and if NEAR surpasses the resistance, it could trigger a breakout. The recent recovery and bullish engulfing candle suggest a potential shift in the falling channel, and the MACD indicator and RSI also show signs of upward momentum. Fibonacci levels indicate key resistance levels at $4.62 and $5.32, which could result in a 32% gain. In the short term, NEAR needs to break the $4.28 resistance and maintain its position above $3.49 for the bullish trend to continue and potentially surge to $6.
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