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NEAR Coin is showing signs of life once again, having reached its highest level since April. It was one of the altcoins most affected by the FTX collapse. Similar to Solana, the NEAR team also experienced significant sell-offs due to substantial investments from FTX. However, now that it has surpassed $2 again, investors are looking hopeful.
<h2 id="near-coin-commentary">NEAR Coin Commentary</h2>
<a href="http://en.coin-turk.com/bitcoin-price-recovers-as-bulls-aim-to-regain-29500-support/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price, at the time of writing, is at $43,800, exciting investors who had been tracking the $25,000-$28,000 levels more recently. The price of Bitcoin rose much faster than expected over $31,800. Amidst this rise, NEAR Coin’s price is also recovering.
In October, as the major crypto surge began, NEAR Coin surpassed the 440-day resistance. Breakouts from long-term resistances are often precursors to parabolic rallies. Since the breakout, the upward movement has been rapid and the significant horizontal resistance zone has also been reclaimed.
<img decoding="async" class="wp-image-285586 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/NEAR-Coin-Grafik-1.png" alt="" width="1101" height="451">
After forming a bullish divergence in RSI, the price increased, and the current outlook suggests the rally might continue. New peaks could be possible if <a href="http://en.coin-turk.com/bitcoin-starts-october-with-a-rise-analysts-warn-of-potential-reversal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> does not start a serious and sudden loss streak.
<h2 id="near-coin-price-prediction">NEAR Coin Price Prediction</h2>
Similar to the weekly chart reading, the daily chart also shows a dominant bullish sentiment. RSI supports the rally, and demand looks strong. Despite the rejection in the chart, the price has confirmed a steady rise by recovering from the 0.618 Fibonacci retracement resistance level on December 4th.
<img decoding="async" class="wp-image-285588 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/NEAR-Coin-Grafik-3.png" alt="" width="1164" height="475">
Popular cryptocurrency analyst ZaykCharts appears confident about testing higher levels in the future. According to him, the breakout from the descending channel has clearly initiated a major upward wave.
Analyst Osbrah also confirms this view. Sharing a shorter-term chart, the analyst agrees on the uptrend. If NEAR continues its upward movement, the price could increase by another 15% and surpass the horizontal resistance area of $2.70.
<img decoding="async" class="wp-image-285587 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/theOsbrah-Near-Coin-Analiz.jpeg" alt="" width="1163" height="560">
However, despite the strong bullish sentiment and analyst opinions, if the NEAR Coin price closes below the support level of $2.13, the trend could reverse. In this case, the targeted pullback point is $1.80.
The risk of losing support in a potential BTC correction should not be ignored. BTC has often seen double-digit losses in corrections following such rapid rises. Continue Reading: <a href="https://en.coin-turk.com/near-coin-shows-signs-of-revival-after-reaching-highest-levels-since-april/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/near-coin-shows-signs-of-revival-after-reaching-highest-levels-since-april/</a>

NEAR Coin Shows Signs of Revival After Reaching Highest Levels Since April

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