NEAR Protocol

Immutable

Swing

<p>Technical analysts are closely monitoring the price movements of various digital assets. Among the notable developments, NEAR Protocol (NEAR) has&nbsp; exhibited a bullish breakout, while Immutable (IMX) presents a potential swing trade opportunity, according to analysts.</p>
<h2 class="wp-block-heading" id="strong-near-protocol-breaks-out-with-70-upside-target-strong"><strong>NEAR Protocol Breaks Out with 70% Upside Target</strong></h2>
<p>According to the <a href="https://x.com/WorldOfCharts1/status/1776329209482559959" target="_blank" rel="noopener noreferrer nofollow">analysis</a> by World of Charts, NEAR Protocol has successfully broken out from a descending channel pattern on the 4-hour timeframe. The breakout, typically considered a bullish signal, suggests a potential trend reversal from bearish to bullish.</p>
<p>Notably, World of Charts has projected a substantial upside target of approximately 70%, which could propel NEAR’s price to around $13.00 from the breakout point of roughly $7.70. However, it’s crucial to note that breakouts should be confirmed with high trading volume to provide additional validation.</p>
<p>Traders might look for further bullish signals, such as a higher low following the breakout or increased buying volume, to confirm the breakout’s sustainability.</p>
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<h2 class="wp-block-heading" id="strong-immutable-potential-swing-trade-opportunity-strong"><strong>Immutable: Potential Swing Trade Opportunity</strong></h2>
<p>Shifting focus to Immutable (IMX), altFINS’ analysis presents a potential swing trade opportunity. According to the analysis, IMX remains in an overall uptrend, with the nearest support zone identified at $2.50.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="895" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-318.png" alt="" class="wp-image-469549" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-318.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-318-788x440.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p><em>Source: </em><a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>altFINS – Start using it today</em></strong></a></p>
<p>altFINS suggests buying IMX on pullbacks near the $2.50 support area, with a potential upside target of around $3.50, representing a 40% gain. The recommended stop-loss level is set at $2.25, aiming to limit potential losses.</p>
<p>While the short-term trend for IMX is considered bearish, the medium-term outlook is neutral, and the long-term trend remains bullish. However, momentum indicators such as the MACD and RSI currently suggest bearish signals.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h2>
<p>For NEAR Protocol, traders and investors will closely monitor the breakout level for any potential retests or pullbacks. On the other hand, for Immutable, the $2.50 support zone and the $3.50 resistance level will be crucial areas to watch.</p>
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<p>The post <a href="https://captainaltcoin.com/near-protocols-near-breakout-hints-at-major-gains-immutables-imx-swing-trade-appeal-key-indicators-to-watch/" rel="noopener noreferrer nofollow">NEAR Protocol’s (NEAR) Breakout Hints at Major Gains, Immutable’s (IMX) Swing Trade Appeal; Key Indicators to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

NEAR Protocol’s (NEAR) Breakout Hints at Major Gains, Immutable’s (IMX) Swing Trade Appeal; Key Indicators to Watch

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