NEAR is Nearing a Bull Rally | BITmarkets
Insights Analysis NEAR is Nearing a Bull Rally

NEAR is Nearing a Bull Rally

April 13, 2023 Analysis
BITmarkets | NEAR is Nearing a Bull Rally

NEAR Protocol (NEAR) is one of the most prospective altcoins for the upcoming altseason, which is expected to witness immaculate growth in major altcoins and its minor counterparts.

The fundamentals of NEAR are quite robust, and the daily trading volume of the coin has been rising in the past couple of days. Looking into the current market environment of the NEAR cryptocurrency, it can be expected that the coin may soon enter a new bull rally.

NEAR1

Looking into the NEARUSD price trend on a one-day scope, the downward-trending trajectory has been broken and subsequently retested by strong buying behaviour from the bulls. The support zone ranging from $1.580 - 1.780 serves as a key support level when looking into the technical chart from the buyer’s perspective.

A sharp reaction from buyers towards the first months of 2023, the resistance zone was retested several times and it seems that the downtrend is neutralizing before an imminent uptrend, which can represent an excellent point for going long and purchasing NEAR.

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