NEAR chart analysis
Will the protocol succeed in
returning and breaking through the $550 peak?
🚀📊 The current NEAR USDT chart shows the coin trading now around the $4954 level, attempting to consolidate and recover after recording a recent local low at $4548 over the past few days.
The technical indicators on the screen show fierce competition between bulls and bears, as the coin tries to break the nearby moving averages (MA) in order to target the previous strong peak at $5578. The current drop of 67.9% may be seen by some traders as an ideal opportunity to regroup and build new investment positions ahead of the next price explosion, strongly supported by AI projects on the network.
Based on the information shown on the chart, do you expect an immediate surge to break the $5 barrier again?
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