NEAR Price Flashes A Bullish Run! Is This The Right Time To Stock Up Near Protocol?
Near Protocol price has added over 12% in value within the past day, making it one of the day’s top gainers. Further, the price has successfully reclaimed the $2 mark following the price jump. Since the price pump of October, the Near Protocol price has been constantly trading in a rising pattern, indicating a bullish sentiment for this crypto coin.
Following the jump, the price broke out of the resistance level of $1.140, after which it gained value but was later rejected at $1.526. The price then traded sideways for a while, following which it regained momentum and broke out, but the bears regained power and pulled it back quickly.
Will The NEAR Price Continue To Rise?
If the bulls break out of the rising channel pattern, the NEAR price will regain momentum and prepare to test its resistance level of $2.20 soon. Further, if the bulls maintain the price at that level, it will set the stage for the coin to prepare to test its upper level of $2.425 in the coming days.
On the flip side, if the market experiences a trend reversal and the bears overpower the bulls, the Near Protocol price will lose momentum and fall to test its support level of $1.954 soon. If the bulls fail to hold the price at that level, it will continue to dip and test its support trendline of the channel pattern.
