NEAR Protocol

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/bullish-re-awakening-in-near-price-eyes-16/">Bullish Re-awakening in NEAR Price Eyes $16</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As Bitcoin bounces back close to the $63,000 level with an overnight surge of 2.39%, the altcoins are on the rise. Apart from the meme coins, the NEAR token price is in the bullish limelight.&nbsp; 
With the crypto market finding a bullish pivot point, will the NEAR token surge above the $10 psychological mark? Find out more in our <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">NEAR price prediction</a>, which projects a sprint beyond $10 in 2024.&nbsp; 
<h2 class="wp-block-heading" id="h-near-price-performance">NEAR Price Performance</h2> 
With a 30% rise in the last 30 days, the uptrend in the NEAR price is gradually gaining momentum. However, the recovery rally maintains a sideline move above the crucial support of $6.215.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/99BOzgXRMlXGgTUSbLAw_YUq5-X_g11jbxheFX4Eby3ieftZGTpbRhVQ2kl00OMHwmSd_dAEGy9K--Q2qDsDQ5qVoe6IQuKXyN12IPy7n_MUNvzlfyZY599UUs7b32xmqYscbcCY01ohcliwAsrNs6A" alt="">
</figure> 
<a href="https://www.tradingview.com/x/1eMHHi5S/">TradingView</a> 
Nevertheless, the bullish trend in motion shows a recovery rally ready to challenge the previous peak of $9. This concludes the ongoing pullback phase and reflects a boom in demand.&nbsp; 
Currently, the NEAR price trades at $7.295, with a 6% overnight growth, and is ready to cross the $8 mark. Further, the long-coming support trendline prolongs the bullish trend and the higher high formation.&nbsp; 
Technical indicator: 
RSI: The bullish trend in the daily RSI line is sustained above the halfway line, reflecting the optimum demand for the bull run.&nbsp; 
MACD: The recovery rally delays the negative crossover in the MACD and signal lines&nbsp; 
<h2 class="wp-block-heading" id="h-will-near-protocol-surpass-10-this-week">Will NEAR Protocol Surpass $10 This Week?</h2> 
In the daily chart, the triangle breakout rally prolongs the bullish trend for Near Protocol. Further, the NEAR price registered positive growth in the last 30D and maintained the support trendline.&nbsp; 
If the market sentiments continue to improve, the bull run in the altcoin will hit the $10 milestone in the coming days. Optimistically, as per the trend-based Fibonacci level, the altcoin might reach the 1.618 level at $16.206.&nbsp; 
On the flip side, a reversal under $10 will test the $6.215 support zone.&nbsp;

Bullish Re-awakening in NEAR Price Eyes $16

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