NEAR Protocol (NEAR) has experienced significant growth in the market, with a 31% increase in the past month. A recent partnership between Nvidia and Alibaba sparked positive reactions for AI tokens, contributing to NEAR's performance. At the time of writing, NEAR is trading at $5.217 and has a market cap of $5.79 billion. Despite being in an overbought condition, NEAR's strong bullish momentum is confirmed. The Commodity Channel Index also indicates caution due to high readings that often precede corrections. The bulls are currently in control of the market, and NEAR is approaching resistance levels at $5.469 and $6.301, with $6 being a major target. However, previous attempts at reaching $6 have resulted in resistance at $5.9 and consecutive days of losses. Breaking past $5.469 is crucial for NEAR to maintain its momentum and potentially reach the $6 level. Failure to break this level could lead to retracements to support levels at $4.954 or $4.121.
Stock Market Analysts Warned About Bitcoin (BTC): “The Uptrend Has Arrived, But In The Coming Days…”