Near Protocol Price Pumps 33%! NEAR Price To Record 100% Upswing?
The post Near Protocol Price Pumps 33%! NEAR Price To Record 100% Upswing? appeared first on Coinpedia Fintech News Over the past seven days, top altcoins have recorded a significant jump in their respective portfolios. Further, the leader of altcoins, Ethereum token has recorded a top of $3,900, highlighting a strong bullish influence in the crypto industry. Near protocol price on the other hand has recorded a jump of 33.18% within the past 24 …
The post Near Protocol Price Pumps 33%! NEAR Price To Record 100% Upswing? appeared first on Coinpedia Fintech News
Over the past seven days, top altcoins have recorded a significant jump in their respective portfolios. Further, the leader of altcoins, Ethereum token has recorded a top of $3,900, highlighting a strong bullish influence in the crypto industry.
Near protocol price on the other hand has recorded a jump of 33.18% within the past 24 hours, resulting in it successfully reclaiming $5 mark for the first time in over 18-months.
NEAR Price Successfully Reclaims $5 Mark!
The NEAR price traded in a closed range between $3.106 and $3.624 for a brief period, indicating a controlled buying and selling pressure in the cryptocurrency market.
As the market volatility grew, the bulls gained just enough momentum to break out of the resistance level, where the altcoin displayed a neutral trend for the next seven days. Following this, the bulls recorded a jump of 15.44% in valuation, after which the price traded between $4.163 and $4.602.
After testing its low of $3.624, the bulls regained momentum and recorded a jump of 62.78% before facing rejection at $5.897. Since then, the price has been displaying correction in the chart.
The Relative Strength Index (RSI) continues to trade above the overbought range, indicating a increased buying pressure in the crypto space. Moreover, the averages show a bullish curve, suggesting the price will continue gaining value in the coming time.
Also Read: These Two Popular DeFi Tokens Surged by More Than 200% After Trendline Breakout: Is the Party Over?
Will Near Protoccol Price Rise Back Up?
If the market regains and pushes the price above the resistance level of $5.897, the bulls will test its upper resistance level of $6.50. Maintaining the price at that level will set the stage for NEAR price to attempt to test its resistance level of $7.250.
Negatively, if bears continue to gain power, the Near Protocol price will test its support level of $5.170. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $4.602.
