NEAR Protocol

Bitcoin

Resistance

Chainlink

Rekt

<p>As Bitcoin (BTC) continues to reach new all-time highs, the crypto market is witnessing a surge in the prices of various altcoins, particularly NEAR Protocol (NEAR) and Chainlink (LINK). Both projects have seen significant gains in recent days, with traders and analysts sharing their insights on the potential for further upside.</p>
<h2 class="wp-block-heading" id="chainlink-link-closes-above-key-resistance">Chainlink (LINK) Closes Above Key Resistance</h2>
<p>Crypto trader David recently <a href="https://twitter.com/DavidOnCrypto_/status/1767060547554472316" target="_blank" rel="noopener noreferrer nofollow">highlighted </a>Chainlink’s strong weekly close above the $20.07 level, suggesting that the token could soon reach $28. This bullish sentiment is <a href="https://twitter.com/SameDayTrades/status/1767171192530559395" target="_blank" rel="noopener noreferrer nofollow">shared </a>by trader Top Marine, who notes that LINK is forming a textbook bull flag pattern, indicating that the “show is just getting started.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="788" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-1024x788.png" alt="" class="wp-image-451526" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-1024x788.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-300x231.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-767x590.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-1536x1181.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-2048x1575.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-195x150.png 195w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-100x77.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-455x350.png 455w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430-788x606.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-430.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Top Marine has set price targets of $24, then a pullback and a move towards $28.71. Similarly, trader Jake Wujastyk <a href="https://twitter.com/Jake__Wujastyk/status/1767213278302789636" target="_blank" rel="noopener noreferrer nofollow">believes</a> that Chainlink is primed for the next “stair step,”&nbsp; suggesting a continuation of the current uptrend.</p>
<p>However, not all traders are bullish on LINK. Mumu Trader <a href="https://twitter.com/MumuTrader/status/1766926269168435296" target="_blank" rel="noopener noreferrer nofollow">points out</a> that Chainlink has one of the most bearish charts, despite Bitcoin and many altcoins making new all-time highs.</p>
<p>They expect LINK to close the weekly candle below the 2020 highs, providing an easy short opportunity for single digits, with even lower prices possible once the Cross-Chain Interoperability Protocol (CCIP) is delayed, as it was in 2022 and 2023.</p>
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<p>Despite the mixed opinions, World of Charts <a href="https://twitter.com/WorldOfCharts1/status/1767098813146177990" target="_blank" rel="noopener noreferrer nofollow">highlights</a> that LINK is running in 210%+ profit and has recently broken a crucial resistance level, expecting another bullish wave in the coming days towards the previous all-time high.</p>
<p>LINK has surged from a 24 hour low of $19.73 to a high of $22.24 before falling to its current price of $21.13.</p>
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<h2 class="wp-block-heading" id="near-protocol-near-revisits-multi-year-macro-downtrend">NEAR Protocol (NEAR) Revisits Multi-Year Macro Downtrend</h2>
<p>NEAR Protocol, a scalable blockchain platform, has also been experiencing significant price appreciation. According to <a href="https://twitter.com/rektcapital/status/1767138118203834445" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, NEAR has finally revisited its multi-year macro downtrend, and if the token manages to break above this level, it could further build on its current bullish momentum and potentially revisit its old all-time high resistance area.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-1024x723.png" alt="" class="wp-image-451550" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-433.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Trader <a href="https://twitter.com/Crypto_Scient/status/1767149773805482462" target="_blank" rel="noopener noreferrer nofollow">Scient</a> has already taken profits on the majority of their NEAR position after reaching their full target, while leaving a 25% “moon bag” that can either go 100x or to zero. Scient has shared two perfect entry points for NEAR since October, one at $1.1 and another at $3.2, resulting in a 7x return so far.</p>
<p>Crypto Thanos <a href="https://twitter.com/CryptoThannos/status/1767123116541546952" target="_blank" rel="noopener noreferrer nofollow">believes</a> that large-cap Layer 1 blockchain tokens like NEAR are set to pump just after Bitcoin hits a new high, asking followers if they have already bagged some in derivatives. Similarly, <a href="https://twitter.com/cryptoWZRD_/status/1766190056610377794" target="_blank" rel="noopener noreferrer nofollow">Cryptowzrd</a> is extremely bullish on NEAR, stating that the token is “ON FIRE” and that there’s way more to come, with $8.00 being the next target.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-1024x529.png" alt="" class="wp-image-451542" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-1024x529.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-300x155.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-767x396.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-1536x793.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-2048x1057.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-291x150.png 291w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-678x350.png 678w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432-788x406.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-432.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As the crypto market continues to rally, with Bitcoin leading the charge, altcoins like NEAR Protocol and Chainlink are experiencing significant price appreciation. Traders and analysts are sharing their insights on the potential for further upside, with some setting ambitious price targets for both tokens.</p>
<p>However, it’s essential to keep in mind that the crypto market is highly volatile, and not all traders share the same bullish sentiment. As always, investors should conduct their own research and exercise caution when making investment decisions.</p>
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<p>The post <a href="https://captainaltcoin.com/near-protocol-near-and-chainlink-link-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">NEAR Protocol (NEAR) and Chainlink (LINK) Prices Pumping: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

NEAR Protocol (NEAR) and Chainlink (LINK) Prices Pumping: Here’s Why

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