Crypto News – Since emerging from a parallel channel that was declining in October, the Near Protocol price has rapidly climbed. The price reached a high of $2.18 today, breaking above the $1.60 resistance zone.
Breaking News: NEAR Protocol Price Hits $2 After a Long Break
Since the beginning of the year, the NEAR price has dropped inside a parallel channel that is dropping. Throughout the decline, there have been multiple validations of the resistance and support trend lines. On October 2, the trend line (red icon) rejected NEAR, and on October 18, the company reached its lowest point of $0.98.
But after that, the altcoin started to rise quickly. It has risen by 120% in the last 32 days, reaching a peak of $2.18 today. Since April 2023, this price has never been higher.
What Do Crypto Investors in X Think About the Near Price?
Crypto traders on X are optimistic about the NEAR pricing prospects in the future. Long-term volume increased significantly, which Investmox anticipates will come before a corresponding price increase.
Additionally, trader Fred has identified a short-term rise that he thinks will hold. However, Baba is less optimistic about the short-term trajectory going forward.
We are in the middle of a strong resistance zone with a clearly identified overbought on the $NEAR token of #NEARProtocol.
But we can already speculate that the options available to us are: – Either we accumulate in this area and we look for the next resistance around $1.9 and we continue the race – Either we retrace on this zone and then look for a more distant resistance around $2.1Baba