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NEAR Coin, which has reached its highest level since April, is showing signs of revival. It was among the altcoins most affected by the FTX collapse. Like Solana, the NEAR team also saw excessive sales due to significant investments from FTX, but now that it has surpassed $2 again, investors are looking hopeful.
<h2 style="text-align: justify" id="near-coin-commentary">NEAR Coin Commentary</h2>
<a href="https://en.coin-turk.com/strategic-insights-crypto-capos-analysis-on-bitcoins-market-and-key-levels-to-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price is at $43,800 as of the writing of this article, with investors excited about the recent levels of $25,000-$28,000. The price of Bitcoin rose much faster than expected above $31,800. Amidst this rise, the price of NEAR Coin is also recovering.
In October, as the major crypto rally began, NEAR Coin broke through the 440-day resistance. Breakouts from long-term resistances can lead to parabolic rallies. The movement has been swift since the breakout, and an important horizontal resistance area has 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 creating a bullish divergence on the RSI, the price increased, and the current outlook suggests that the rally could continue. If <a href="https://en.coin-turk.com/bitcoin-etfs-delayed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> does not start a serious and sudden loss streak, new peaks are possible.
<h2 style="text-align: justify" id="near-coin-price-prediction">NEAR Coin Price Prediction</h2>
Similar to the weekly chart reading, the daily chart also has a dominant bullish sentiment. The RSI supports the rally, and demand is lively. Despite rejection on the chart, the price on December 4th overcame the 0.618 Fib retracement resistance level, confirming the steady rise.
<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 that higher levels will be tested in the future. According to him, the breakout seen in the descending channel has clearly started a major uptrend.
Another analyst named Osbrah confirms his view. Sharing a shorter-term chart, the analyst agrees about the uptrend. If NEAR continues its upward movement, the price could rise by an additional 15% and could surpass the $2.70 horizontal resistance area.
<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 that case, the targeted pullback point is $1.80.
The risk of losing support in a potential BTC correction should not be overlooked. BTC has often seen corrections with double-digit losses after such rapid increases. Continue Reading: <a href="https://en.coin-turk.com/near-coin-shows-signs-of-life-after-reaching-highest-level-since-april/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/near-coin-shows-signs-of-life-after-reaching-highest-level-since-april/</a>

NEAR Coin Shows Signs of Life After Reaching Highest Level Since April

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