$ 94,026.6
BTC
-2.20 %
$ 1,789.24
ETH
-2.66 %
$ 0.6699
ADA
-5.32 %
$ 586.05
BNB
-2.34 %
$ 143.36
SOL
-2.53 %

Dalmas Ngetich
Mar 30, 2022

Near Protocol Breaks above a Bull Flag, Buyers Aim for $20

Near Protocol
Near Protocol prices are solid when writing, adding 21 percent in the previous week versus the USDT. In a breakout pattern, the token might retest $20.

Past Performance

The Near Protocol is on a tear at spot rates, outperforming BTC and ETH in the last trading day. Currently, NEAR is perched at 20th in the market cap leader board, adding 21 percent in the previous week of trading versus the USDT. Notably, from the performance in the daily chart, the token is trading at a near two-month high in a bullish breakout formation.

Near Protocol Technical Analysis

Near Protocol Daily Chart for March 29

NEAR prices are edging higher, rising with the crypto markets. In the daily chart, NEAR is trading within a bullish breakout pattern above $12, confirming earlier gains of March 23. Based on these developments, traders may find entries on every retracement towards $12—former resistance now support. The breakout pattern may form the basis for another leg up towards Q1 2022 highs of $20 in a buy trend continuation pattern. Conversely, a sharp drop below $12 would slow down buyers as subsequent confirmations nullify the bullish preview.

What to Expect from NEAR

Near Protocol is turning the corner at spot rates. In a bullish breakout pattern above a bull flag, the token may spring back towards H1 2022 highs.

Near Protocol Breaks above a Bull Flag, Buyers Aim for $20
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Top Picks