During the current bull run in the crypto industry, NEAR Protocol (NEAR) is making significant strides with new partnerships and developments. Analysts are optimistic about NEAR’s performance, suggesting that a major surge may be on the horizon.
Recently, a bullish flag pattern was identified on NEAR’s monthly chart, indicating a potential 60-65% bullish wave in the near future. NEAR tested the $7.00 resistance level earlier in the week, reaching above $7.50 before retracting slightly.
Analysts are closely monitoring NEAR’s performance, with one noting that the token has been one of the strongest movers in the market. The token’s price movements have been impressive, with predictions of further gains in the coming days.
NEAR Protocol is a user-friendly and carbon-neutral blockchain that prioritizes performance, security, and scalability. The network has seen significant growth in its total value locked (TVL), making it the 16th largest blockchain by this metric.
Recent collaborations with projects like NodeKit and TrueZK have further expanded NEAR’s reach and capabilities. A partnership with Colombian fintech companies Lulo X and Peersyst Technology aims to redefine digital finance parameters.
Despite being down from its all-time high, NEAR’s token has shown strong performance during the current bull run, with a notable increase in trading volume and market capitalization. As of now, NEAR is trading at $7.2, representing a significant jump in the past 24 hours and week.
Overall, NEAR Protocol’s network expansion and price surge indicate promising prospects for the future. Investors are advised to conduct their own research before making any investment decisions. Trading carries risks, and caution is advised when entering the volatile crypto market.