NEAR Hits 0.000123 BTC Barrier, with Veteran Analyst Eyeing Jump to 25,000 Sats

📈 NEAR Faces Critical Resistance: Can It Break Out? 🚀

NEAR/BTC is currently facing a crucial resistance level at 0.00012274 BTC, and market momentum suggests a potential breakout! 🌟

**Key Highlights:**

🔹 **Current Price:** NEAR/BTC is at approximately 0.00011521 BTC.

🔹 **Resistance Level:** 0.00012274 BTC.

🔹 **Analyst Insight:** Market expert Michaël van de Poppe notes that breaking this resistance could propel NEAR to 25,000 sats (0.00025 BTC) - a potential 103.29% gain! 📈

**Market Trends:**

🔹 **Upward Movement:** NEAR has been on an upward trend since early 2024, testing the critical resistance level.

🔹 **Support Levels:** Immediate support around current price; strong support zone below 0.00010000 BTC.

**Indicators:**

🔹 **Relative Strength Index (RSI):** Consolidating phase, approaching the overbought region (>70), hinting at a possible correction.

🔹 **MACD Indicator:** Horizontal movement at 0.00001356 above zero line, signaling a slow yet steady bullish trend.

🔹 **Chaikin Money Index:** Vertical trend, indicating increased money inflow and strengthening bullish sentiment.

What’s Next?

If NEAR breaks the 0.00012274 BTC barrier, the next target lies between 0.00025800 and 0.00025840 BTC. Keep an eye on the market, as this could be a significant breakout for NEAR! 🚀

#CryptoWatchMay2024 #NEAR #NEAR🔔

This post is for informational purposes and does not constitute financial advice. Always do your own research before making investment decisions.