NEAR Token Price Poised for Breakout Rally: Can it Surpass $ The NEAR token is riding a wave of positive momentum, fueled by Bitcoin's recent surge above $65,000. This uptrend, combined with a strong overnight jump and overall market recovery, has analysts excited about NEAR's potential for significant gains.
Technical Analysis Suggests Bullish Run
The 1-day chart for NEAR reveals a bullish reversal pattern, with a clear uptrend forming. The recent price jump further strengthens this trend, suggesting a breakout rally could be imminent.
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Rising Channel Pattern: The past 30 days have seen a 58% increase in NEAR's price, forming a rising channel pattern indicative of a solid uptrend.
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RSI and DMI Indicators: The Relative Strength Index (RSI) is holding above the midline, reflecting strong buying pressure. Additionally, the Directional Movement Index (DMI) suggests a strengthening bull run with increasing momentum.
Can NEAR Break the $10 Barrier?
Read full analysis here: https://coinpedia.org/price-analysis/this-breakout-rally-in-near-price-trend-could-give-2x-returns/