NEAR Shows Potential Bullish Momentum After Double Bottom, $8 Target Possible
Main Idea
NEAR Protocol shows bullish momentum with a double bottom pattern, targeting $8, supported by strong technical indicators and robust fundamentals including high staking participation.
Key Points
1. NEAR Protocol has completed a double bottom pattern, a bullish reversal signal, with key support at $1.78 and resistance at $2.93.
2. The price is expected to target $8 if momentum sustains above $3, supported by indicators like the Relative Strength Index (RSI).
3. Over 583 million NEAR tokens are staked, offering a 9.5% APY, reflecting strong holder confidence and network security.
4. More than 300 active validators support NEAR's ecosystem, enhancing its long-term viability.
5. Staking reduces circulating supply and promotes price stability, crucial for NEAR's market strength.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! NEAR Protocol has
Latest News
- Bitmine Immersion (BMNR) Announces $1 Billion Stock Repurchase Boosting Ethereum Holdings2025-07-29 12:06:21
- Stellar (XLM) Faces Technical Challenges After Breaking Key Support Amid XRP Stability2025-07-29 12:02:37
- Binance’s Upcoming ZRC Perps Could Potentially Influence Zircuit Crypto’s Price Movement2025-07-29 12:00:39
- ZOOZ Power Ltd. Unveils $180M Private Placement to Boost Bitcoin Treasury Strategy2025-07-29 11:59:41
- Dogecoin Founder Reacts to Elon Musk’s Grok Update and Comments on Bitcoin Holders2025-07-29 11:42:37