The NEAR token is experiencing a recovery rally and its price is targeting $5.89. The token has surged 24.26% in the last seven days and its trading volume has increased by 98% in the last 24 hours. The NEAR Protocol is also seeing growth in the number of unique accounts, which has risen to nearly 1 million. Transaction fees on the protocol have also increased, indicating overall network health improvement. The NEAR token forms a bullish engulfing candle and is expected to face resistance at the $5.32 and $5.89 levels. A failure to break above $5.30 could result in a decline to $4.62.



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