🚨🚨 NEAR Targeting a MASSIVE Upside – Could it Soar to $5.8? Here’s What You NEED to Know! 🚨🚨

NEAR Protocol is heating up as it enters a symmetrical triangle formation, signaling a potential breakout that could propel the altcoin toward an ambitious target of $5.8. But don’t blink—this setup is critical, and the next few moves could dictate whether NEAR flies or falls! 😱

Market Sentiment: BULLISH but Cautious

At the moment, market sentiment is largely bullish, with many traders showing confidence in NEAR’s short-term outlook. However, NEAR’s price action has been fairly limited—posting modest gains of just 0.14% over the last 24 hours and 0.36% over the past week. This consolidation phase indicates that traders might be accumulating NEAR in anticipation of a major price move. 💥

The Key Support Level to Watch: $4.604 ⚠️

NEAR is currently trading within a symmetrical triangle, a pattern formed by converging support and resistance lines. This indicates that NEAR is in consolidation mode, but a breakout to the upside could take it to the pattern’s peak of $5.871.

But before that potential rally, NEAR will likely test the $4.604 support level. If this level holds, NEAR could be on track for that bullish breakout.

Indicators Point to an Upswing 🔮

Several key indicators are flashing bullish signals for NEAR:

Parabolic SAR (Stop and Reverse):
Dotted markers forming below NEAR’s current price suggest ongoing buying pressure and a bullish trend. If these markers continue and multiply, expect confirmation of NEAR’s upward momentum. 🚀

Relative Strength Index (RSI):
Although the RSI is pointing slightly downward, it still appears bullish. It’s expected to test the support trendline, which could lead to a bounce and send NEAR’s price back up.

However, a short-term dip in the RSI could result in a price drop toward the $4.604 support level. From there, NEAR may reverse direction and resume its upward trajectory.

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