- 1 The NEAR Protocol (NEAR) price sharply breached the $8 mark hurdle.
- 2 Buyers have gained traction and are eyeing the $9 mark to cross ahead.
Is NEAR Getting Ready for a Sharp Rally?
After that, the token has decisively sustained gains above the key moving averages, which implies buyers’ dominance.
Source: Santiment
Amidst the bearish wave in the market for the past sessions, the Near Price has secured its gains in the bullish trajectory and denoted the positive trend and investor speculation.
The Relative Strength Index (RSI) curve witnessed a massive spike and jumped to the overbought zone, highlighting a positive crossover.
Significant Surge in TVL: What Does It Mean?
Source: Artemis
Futures OI Data Insights
Source: coinglass
NEAR Crypto Has Experienced Surge in Popularity
Notably, the social dominance data witnessed a massive recovery, displaying that investor discussions on social media platforms increased significantly.
Source: Santiment
Meanwhile, the activity of the X platform remained flat, and the X follower’s data looked stable, which means users do not pay much attention to it.
Conclusion
The NEAR Protocol (NEAR) crypto price reflected a massive buying activity and surged over 15% intraday. Still, the token has more space to go upside and might break the 52-week high zone soon.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.