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<p>The price of <a href="https://captainaltcoin.com/near-protocol-near-price-surges-reaches-5-month-resistance-again-will-it-break-out/" target="_blank" rel="noopener noreferrer nofollow">NEAR finally broke out</a> from a descending channel 4 days ago and has been looking strongly bullish since, with various analysts also presenting bullish targets.</p>
<p>NEAR started trading within the descending channel in May. Since then, it has experienced various <a href="https://trustwallet.com/blog/what-are-support-and-resistance-in-crypto#:~:text=A%20support%20level%20may%20present,psychology%20and%20collective%20investor%20sentiment." target="_blank" rel="noopener noreferrer nofollow">resistance and support levels</a> within the channel, with the top of the channel serving as resistance and the base as support.</p>
<p>The breakout signals a possible change of trend and was followed by a retest the following day. Since then, NEAR has been moving up.</p>
<p>So far, the price of Near Protocol’s token has spiked by more than 20% in the last two days as the bullish momentum continues to increase.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/why-is-kaspa-dropping-in-the-top-50-cryptos-kas-price-prediction-2024/" target="_blank" rel="noopener noreferrer nofollow">Why Is Kaspa Dropping in the Top 50 Cryptos? KAS Price Prediction 2024</a></em></strong></p>
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<h2 class="wp-block-heading" id="where-is-near-price-headed-next">Where Is NEAR Price Headed Next?</h2>
<p>The question now is: where is <a href="https://captainaltcoin.com/celestia-tia-price-pumps-but-traders-point-to-warning-signals/" target="_blank" rel="noopener noreferrer nofollow">NEAR price</a> going next, and what could be a reasonable target?</p>
<p>Typically, a breakout from such a descending channel could make the price spike toward the top of the channel. In this context, we would have our target at around $8.20.</p>
<p>This price would be a likely target if the bullish momentum continues. However, uptrends are rarely formed by one straight candlestick. Instead, we could see a series of highs and lows as the price reaches key resistances and seeks to retest supports.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/what-happens-to-bitcoin-in-october-when-september-is-green-btc-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">What Happens to Bitcoin in October When September Is ‘Green’? BTC Price Prediction</a></em></strong></p>
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<h2 class="wp-block-heading" id="key-near-price-levels-to-watch">Key NEAR Price Levels to Watch</h2>
<p>In this context, it is necessary to outline some key price targets.</p>
<p>The first key price we will look at is the $5.0 level. This price level was broken yesterday and is currently holding as new support on the daily timeframe. We need this level to continue to hold for the price to maintain its upward push.</p>
<p>In case the $5.00 level of support breaks, we may see the price go back to retest the broken channel again.</p>
<p>Other key levels to watch are $5.70, $6.40, and $7.10. These levels could serve as major resistances for price growth as it moves toward the channel. The inability to break any of these key levels could lead to a retest of the last support.</p>
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<p>The post <a href="https://captainaltcoin.com/near-protocol-finally-breaks-out-of-a-strong-resistance-whats-next-for-near-price/" rel="noopener noreferrer nofollow">Near Protocol Finally Breaks Out of a Strong Resistance: What’s Next for NEAR Price?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Near Protocol Finally Breaks Out of a Strong Resistance: What’s Next for NEAR Price?

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