• bitcoinBitcoin (BTC) $ 69,634.00
  • ethereumEthereum (ETH) $ 3,731.35
  • tetherTether (USDT) $ 0.998739
  • bnbBNB (BNB) $ 614.03
  • solanaSolana (SOL) $ 176.88
  • staked-etherLido Staked Ether (STETH) $ 3,730.20
  • usd-coinUSDC (USDC) $ 0.999922
  • xrpXRP (XRP) $ 0.542577
  • dogecoinDogecoin (DOGE) $ 0.168497
  • the-open-networkToncoin (TON) $ 6.40
  • cardanoCardano (ADA) $ 0.501999
  • avalanche-2Avalanche (AVAX) $ 41.13
  • shiba-inuShiba Inu (SHIB) $ 0.000026
  • tronTRON (TRX) $ 0.123430
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 69,586.00
  • polkadotPolkadot (DOT) $ 7.61
  • bitcoin-cashBitcoin Cash (BCH) $ 517.70
  • chainlinkChainlink (LINK) $ 16.75
  • nearNEAR Protocol (NEAR) $ 7.83
  • uniswapUniswap (UNI) $ 9.34
  • matic-networkPolygon (MATIC) $ 0.733856
  • litecoinLitecoin (LTC) $ 88.66
  • internet-computerInternet Computer (ICP) $ 13.62
  • fetch-aiFetch.ai (FET) $ 2.48
  • leo-tokenLEO Token (LEO) $ 6.00
  • daiDai (DAI) $ 0.998776
  • pepePepe (PEPE) $ 0.000013
  • ethereum-classicEthereum Classic (ETC) $ 31.52
  • wrapped-eethWrapped eETH (WEETH) $ 3,875.68
  • render-tokenRender (RNDR) $ 10.97
  • hedera-hashgraphHedera (HBAR) $ 0.115534
  • aptosAptos (APT) $ 9.26
  • immutable-xImmutable (IMX) $ 2.51
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,671.30
  • filecoinFilecoin (FIL) $ 6.23
  • cosmosCosmos Hub (ATOM) $ 8.86
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997302
  • mantleMantle (MNT) $ 1.04
  • crypto-com-chainCronos (CRO) $ 0.125485
  • stellarStellar (XLM) $ 0.112971
  • the-graphThe Graph (GRT) $ 0.341341
  • blockstackStacks (STX) $ 2.19
  • arbitrumArbitrum (ARB) $ 1.19
  • kaspaKaspa (KAS) $ 0.131730
  • optimismOptimism (OP) $ 2.84
  • okbOKB (OKB) $ 51.32
  • arweaveArweave (AR) $ 44.37
  • bittensorBittensor (TAO) $ 424.36
  • makerMaker (MKR) $ 3,060.76
  • dogwifcoindogwifhat (WIF) $ 2.72
  • suiSui (SUI) $ 1.14
  • vechainVeChain (VET) $ 0.036520
  • injective-protocolInjective (INJ) $ 27.96
  • fantomFantom (FTM) $ 0.906646
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • theta-tokenTheta Network (THETA) $ 2.53
  • moneroMonero (XMR) $ 135.39
  • thorchainTHORChain (RUNE) $ 6.73
  • flokiFLOKI (FLOKI) $ 0.000220
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,135.09
  • bonkBonk (BONK) $ 0.000031
  • lido-daoLido DAO (LDO) $ 2.21
  • celestiaCelestia (TIA) $ 9.74
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,849.96
  • galaGALA (GALA) $ 0.043431
  • sei-networkSei (SEI) $ 0.571844
  • pyth-networkPyth Network (PYTH) $ 0.456339
  • coredaoorgCore (CORE) $ 1.82
  • jupiter-exchange-solanaJupiter (JUP) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 1.13
  • algorandAlgorand (ALGO) $ 0.189129
  • flowFlow (FLOW) $ 0.968830
  • whitebitWhiteBIT Coin (WBT) $ 10.03
  • aaveAave (AAVE) $ 97.27
  • quant-networkQuant (QNT) $ 98.83
  • beam-2Beam (BEAM) $ 0.028200
  • starknetStarknet (STRK) $ 1.23
  • bitcoin-svBitcoin SV (BSV) $ 70.40
  • akash-networkAkash Network (AKT) $ 5.82
  • ondo-financeOndo (ONDO) $ 0.933281
  • singularitynetSingularityNET (AGIX) $ 1.04
  • ethenaEthena (ENA) $ 0.877523
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.14
  • flare-networksFlare (FLR) $ 0.028503
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.50
  • cheeleeCheelee (CHEEL) $ 20.29
  • axie-infinityAxie Infinity (AXS) $ 7.93
  • neoNEO (NEO) $ 15.99
  • elrond-erd-2MultiversX (EGLD) $ 41.63
  • chilizChiliz (CHZ) $ 0.125196
  • worldcoin-wldWorldcoin (WLD) $ 5.04
  • msolMarinade Staked SOL (MSOL) $ 210.87
  • gatechain-tokenGate (GT) $ 8.19
  • the-sandboxThe Sandbox (SAND) $ 0.469889
  • ecasheCash (XEC) $ 0.000053
  • wormholeWormhole (W) $ 0.574922
  • zebec-protocolZebec Protocol (ZBC) $ 0.020140
  • eosEOS (EOS) $ 0.873500
  • roninRonin (RON) $ 3.06
  • jasmycoinJasmyCoin (JASMY) $ 0.020431
  • tezosTezos (XTZ) $ 0.999440
  • pendlePendle (PENDLE) $ 6.37
  • kucoin-sharesKuCoin (KCS) $ 10.22
  • conflux-tokenConflux (CFX) $ 0.239995
  • havvenSynthetix Network (SNX) $ 2.95
  • safeSafe (SAFE) $ 2.25
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,764.51
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,729.66
  • mina-protocolMina Protocol (MINA) $ 0.839930
  • aioz-networkAIOZ Network (AIOZ) $ 0.842018
  • ordinalsORDI (ORDI) $ 43.02
  • gnosisGnosis (GNO) $ 346.15
  • decentralandDecentraland (MANA) $ 0.469458
  • ribbon-financeRibbon Finance (RBN) $ 0.898498
  • book-of-memeBOOK OF MEME (BOME) $ 0.012246
  • heliumHelium (HNT) $ 5.01
  • apecoinApeCoin (APE) $ 1.31
  • lido-staked-solLido Staked SOL (STSOL) $ 210.21
  • nexoNEXO (NEXO) $ 1.44
  • echelon-primeEchelon Prime (PRIME) $ 19.65
  • iotaIOTA (IOTA) $ 0.233773
  • nervos-networkNervos Network (CKB) $ 0.017117
  • kavaKava (KAVA) $ 0.698000
  • frax-etherFrax Ether (FRXETH) $ 3,734.22
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.86
  • usddUSDD (USDD) $ 0.997208
  • theta-fuelTheta Fuel (TFUEL) $ 0.109770
  • dexeDeXe (DEXE) $ 12.18
  • klay-tokenKlaytn (KLAY) $ 0.188633
  • swethSwell Ethereum (SWETH) $ 3,931.40
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,991.60
  • livepeerLivepeer (LPT) $ 21.11
  • ocean-protocolOcean Protocol (OCEAN) $ 1.04
  • blurBlur (BLUR) $ 0.416291
  • bitcoin-goldBitcoin Gold (BTG) $ 38.33
  • axelarAxelar (AXL) $ 1.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.14
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000031
  • fraxFrax (FRAX) $ 0.997261
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000111
  • woo-networkWOO (WOO) $ 0.340302
  • oasis-networkOasis Network (ROSE) $ 0.092650
  • fasttokenFasttoken (FTN) $ 1.97
  • mantra-daoMANTRA (OM) $ 0.743406
  • illuviumIlluvium (ILV) $ 94.59
  • dydxdYdX (ETHDYDX) $ 2.14
  • tether-goldTether Gold (XAUT) $ 2,421.93
  • notcoinNotcoin (NOT) $ 0.005793
  • curve-dao-tokenCurve DAO (CRV) $ 0.486165
  • osmosisOsmosis (OSMO) $ 0.896177
  • pepecoin-2PepeCoin (PEPECOIN) $ 5.10
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,048.07
  • golemGolem (GLM) $ 0.566158
  • arkhamArkham (ARKM) $ 2.52
  • astarAstar (ASTR) $ 0.095270
  • xdce-crowd-saleXDC Network (XDC) $ 0.036146
  • wemix-tokenWEMIX (WEMIX) $ 1.49
  • enjincoinEnjin Coin (ENJ) $ 0.354669
  • aerodrome-financeAerodrome Finance (AERO) $ 1.14
  • jito-governance-tokenJito (JTO) $ 4.20
  • iotexIoTeX (IOTX) $ 0.054071
  • memecoin-2Memecoin (MEME) $ 0.027379
  • true-usdTrueUSD (TUSD) $ 0.998523
  • superfarmSuperVerse (SUPER) $ 1.12
  • raydiumRaydium (RAY) $ 1.92
  • 1inch1inch (1INCH) $ 0.432106
  • celoCelo (CELO) $ 0.911878
  • 0x0x Protocol (ZRX) $ 0.572344
  • ether-fiEther.fi (ETHFI) $ 4.21
  • apenftAPENFT (NFT) $ 0.00000049
  • dymensionDymension (DYM) $ 2.80
  • stader-ethxStader ETHx (ETHX) $ 3,836.96
  • skaleSKALE (SKL) $ 0.093652
  • radixRadix (XRD) $ 0.045444
  • ankrAnkr Network (ANKR) $ 0.046846
  • stepnGMT (GMT) $ 0.232063
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • polymeshPolymesh (POLYX) $ 0.436463
  • mx-tokenMX (MX) $ 4.67
  • zilliqaZilliqa (ZIL) $ 0.024851
  • altlayerAltLayer (ALT) $ 0.335125
  • based-brettBrett (BRETT) $ 0.052988
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009012
  • venomVenom (VENOM) $ 0.272202
  • compound-ethercETH (CETH) $ 74.96
  • metis-tokenMetis (METIS) $ 78.33
  • pax-goldPAX Gold (PAXG) $ 2,407.22
  • arcblockArcblock (ABT) $ 4.48
  • ravencoinRavencoin (RVN) $ 0.031603
  • zetachainZetaChain (ZETA) $ 1.64
  • nosanaNosana (NOS) $ 5.17
  • holotokenHolo (HOT) $ 0.002430
  • rocket-poolRocket Pool (RPL) $ 21.18
  • compound-governance-tokenCompound (COMP) $ 62.40
  • siacoinSiacoin (SC) $ 0.007447
  • project-galaxyGalxe (GAL) $ 3.69
  • terra-luna-2Terra (LUNA) $ 0.608830
  • biconomyBiconomy (BICO) $ 0.535069
  • qtumQtum (QTUM) $ 3.95

NEAR Price Approaches Breakout: Potential 30% Rally Ahead

0 17

The Near Protocol (NEAR) price anticipates a bull run in the coming trading sessions, provided it can breach a key resistance first.

NEAR holders and the crypto market are, however, signaling a rise with those who are pining for a rise.

Inflows Into Near Protocol Rise

NEAR’s price is seeing bullish cues from the traders who have been anticipating a price rise for nearly a month now. Evident in the surge in Open Interest, over $100 million worth of contracts have been opened in the past month.

This surge in open interest is not necessarily a bullish sign, as it includes potential short and long-term contracts. However, the positive funding rate is a sign that long contracts are dominating the market.

NEAR Price Approaches Breakout: Potential 30% Rally Ahead

NEAR Open Interest. Source: Coinglass

This makes the rise in OI a positive sign, which could translate to a price rise.

Secondly, altcoin also notes support from the broader market, which is evident in the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions in a security.

Typically ranged between 0 and 100, RSI values above 70 suggest overbought conditions, while values below 30 indicate oversold conditions. Currently, the indicator is holding above the neutral mark at 50.0 in the bullish zone.

NEAR Price Approaches Breakout: Potential 30% Rally Ahead

NEAR RSI. Source: TradingView

This is a sign that NEAR could witness a rise in the coming days.

Near Price Prediction: A Breakout Ahead?

NEAR’s price, trading at $7.1 when writing, has been moving within an ascending triangle. An ascending triangle pattern is a bullish continuation pattern formed by a horizontal resistance line and an upward-sloping trendline, indicating increasing buying pressure.

A breakout above the resistance level would signal a potential upward trend continuation. Based on the pattern, NEAR is currently observing a target of $9.9. This rise would mark a 31% rally.

If the above-mentioned conditions persist, a breakout above $7.7 is likely, which could push NEAR’s price above $8.0.

NEAR Price Approaches Breakout: Potential 30% Rally Ahead

NEAR Price Analysis. Source: TradingView

On the other hand, a breakdown below the uptrend line would result in the altcoin falling below $7.0. This would drag NEAR to $6.5, losing, which would invalidate the bullish thesis.

Source

Leave A Reply

Your email address will not be published.