<p>The post <a href="https://coinpedia.org/price-analysis/near-price-displays-2x-jump-eyes-10-this-week/" rel="noopener noreferrer nofollow">NEAR Price Displays 2X Jump! Eyes $10 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Near protocol price continues to display a significant uptrend in its portfolio, highlighting a strong bullish influence for this token in the cryptocurrency industry. Further, the <a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/" rel="noopener noreferrer nofollow">Near Protocol price</a> has added approximately 15% within the past 24 hours, making it one of the top gainers in the industry for the day.</p>
<p>Moreover, the token has added over 75% within the past week and 135.5% over the past 30 days, indicating a rise in investors interest for this token.</p>
<h2 class="wp-block-heading" id="h-near-protocol-price-regains-momentum">Near Protocol Price Regains Momentum!</h2>
<p>The NEAR price traded in a closed range between $3.106 and $3.624 for a brief period, indicating a weak buying and selling pressure for the altcoin in the market. As the market volatility grew, the bulls gained just enough momentum to break out of the resistance level.</p>
<p>After this, the price traded sideways for the next eleven days with the support of the 50-day EMA. Following this, the Near protocol price recorded a jump of approximately 58% in valuation. The price then traded in a closed range between $5.330 and $6.584 for four days during which it displayed significant volatility in the chart.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/wT8-zIAuUmOWAIj0YBNdMPBrtjvo9j_QAcIxuAHp2Wn2fCFhaWX2VbQYlWcHlhJ7f4_WayDkRIafsXZahzr2iB3BItoqz-cv0QVf5GhWneLy3zEUAIGtJAgFT4IRtgQvq5cRMXLs67urHtlkz-5h104" alt="NEAR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: NEAR/USDT
 </figcaption>
</figure>
<p>The NEAR token then recorded another jump of 50.31% within the next two days before facing rejection at the resistance level of $8.458. Since then, the price has been trading under a bearish influence and is on the path of testing its support level, the outcome of which is unpredictable.</p>
<p>The technical indicator, RSI, displays a sharp fall in the chart, indicating an increased selling pressure in the crypto space. Moreover, the averages show a bearish convergence, highlightign a negative price action for the coin in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-near-price-go-up">Will NEAR Price Go Up?</h2>
<p>If the market holds the price above the support level of $7.483, the bulls will regain momentum and prepare to test its resisatcne level of $8.458. Further, if the bulls continue to overpower the bears, the NEAR token will test its upper resistance level of $9.50 this week.</p>
<p>Conversely, if a trend reversal occurs, the Near Protocol price will continue to lose momentum and fall to test its lower support level of $6.584. Moreover, if the market continues to trade under a bearish influence, it will plunge and prepare to test its lower level of $5.30 in the coming time.</p>

NEAR Price Displays 2X Jump! Eyes $10 This Week?

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