Sherpa

Rise

NEAR, the native token of the Layer 1 (L1) public blockchain NEAR Protocol, has substantially risen during this bull run after registering remarkable gains since the end of 2023. 
As the price of Bitcoin <a href="https://www.newsbtc.com/news/crypto-fever-bitcoin-smashes-records-approaching-73000-milestone/" target="_blank" rel="noopener ">continues</a> to soar, NEAR has recorded an over 130% price surge in the past month, and analysts forecast that the bullish momentum isn’t over yet. 
<h2 style="font-weight: 400" id="analyst-foresees-near-s-next-leg-up-coming-soon">&nbsp;Analyst Foresees NEAR’s Next Leg Up Coming Soon</h2> 
At the end of 2023, the NEAR token showed a <a href="https://www.newsbtc.com/news/near-3-reasons-this-crypto-is-up-80-while-others-hibernate-in-the-run-up-to-2024/" target="_blank" rel="noopener ">remarkable performance</a> by doubling its price in mid-December. Since then, the crypto market has been propelled to heights like those seen during the last bull run. 
NEAR continued its growth alongside the market, and crypto analyst Altcoin Sherpa considers that the gains for the token are far from over. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$NEAR</a>: Consolidation for the next leg up soon IMO. <a href="https://twitter.com/hashtag/NEAR?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#NEAR</a> <a href="https://t.co/pII6Uanwaz" rel="nofollow">pic.twitter.com/pII6Uanwaz</a> 
 — Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1767511214911836511?ref_src=twsrc%5Etfw" rel="nofollow">March 12, 2024</a>
</blockquote> 
In an X (former Twitter) post, the analyst shared a chart showing NEAR’s performance in the last few days. This performance displays the token has oscillated between two levels since yesterday. 
NEAR hovered between the $6.7- $7.17 price range for the past 24 hours, Altcoin Sherpa’s chart shows. As the analyst highlights, this is the “consolidation for the next leg up” coming soon. 
Previously, Sherpa <a href="https://x.com/AltcoinSherpa/status/1766429190692163634?s=20" target="_blank" rel="noopener nofollow">warned</a> about the $6.9 price level being a “danger area approaching.” However, the token broke that resistance level over the weekend. 
Moreover, crypto trader and analyst Rekt Capital shared a chart showing that NEAR revisited its multi-year macro downtrend. Breaking above it would further fuel the bullish momentum that could drive the price to revisit its all-time high (ATH) resistance area of $20. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$NEAR</a> 
 Finally – Near Protocol has revisited its multi-year Macro Downtrend 
 Now <a href="https://twitter.com/hashtag/NEAR?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#NEAR</a> will try to break this to further build on its current bullish momentum 
 Breaking this Macro Downtrend would likely see price revisit the old All Time High resistance area 
 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#BTC</a> <a href="https://twitter.com/hashtag/NEARprotocol?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#NEARprotocol</a>… <a href="https://t.co/VmcLjkWFPn" rel="nofollow">https://t.co/VmcLjkWFPn</a> <a href="https://t.co/wboVljOJsc" rel="nofollow">pic.twitter.com/wboVljOJsc</a> 
 — Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1767138118203834445?ref_src=twsrc%5Etfw" rel="nofollow">March 11, 2024</a>
</blockquote> 
<h2 style="font-weight: 400" id="are-10-coming-soon">Are $10 Coming Soon?</h2> 
NEAR has been closely following Bitcoin’s <a href="https://www.newsbtc.com/news/near-skyrockets-nearly-30-investors-intrigued-by-these-metrics/" target="_blank" rel="noopener ">price performance</a> during the past week. As the chart below shows, in the last 24 hours, the token’s price has closely followed the trajectory of the flagship cryptocurrency. 
<img loading="lazy" decoding="async" class="size-large wp-image-597537 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-12-a-las-9.20.36-a.-m.png?w=854&amp;resize=854%2C532" alt="BTC; BTCUSDT, NEAR" width="854" height="532" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-12-a-las-9.20.36-a.-m.png?w=854&amp;resize=854%2C532 854w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-12-a-las-9.20.36-a.-m.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-12-a-las-9.20.36-a.-m.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-12-a-las-9.20.36-a.-m.png?w=750 750w" sizes="(max-width: 854px) 100vw, 854px" data-recalc-dims="1"> 
At writing time, NEAR is trading at $7.3, a 4.2% surge in the past hour. The token registered a stellar 67.8% and 83.1% price surge in the weekly and bi-weekly timeframe. 
Crypto trader Doctor Profit <a href="https://x.com/DrProfitCrypto/status/1767151619999756785?s=20" target="_blank" rel="noopener nofollow">foresees</a> NEAR to reach $10 soon, as his previous prediction of the token reaching this price by the end of the year seems closer than expected. 
That the token’s price of $3 was easily doubled in a matter of days. This suggests to the analyst that NEAR’s next goal of $10 will come very soon. 
As optimistic predictions continue, the token’s market cap of $7.74 billion shows a 7.7% growth in the last day. By this metric, NEAR is inside the top 20 largest cryptocurrencies, currently being the 19th, according to&nbsp;CoinMarketCap data. 
However, the daily trading volume has dropped 20% in the last 24 hours, with $993.5 million traded. This hints at a recent decline in market activity despite the <a href="https://x.com/chain_broker/status/1767515358041096284?s=20" target="_blank" rel="noopener nofollow">positive performance</a> and community support. 
<img loading="lazy" decoding="async" class="size-large wp-image-597535 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=860&amp;resize=860%2C436" alt="NEAR, NEARUSDT " width="860" height="436" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=1022 1022w, https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=860&amp;resize=860%2C436 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/NEARUSDT_2024-03-12_09-45-55.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

NEAR To Rise Even Higher According To These Analysts, Can It Hit $10?

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