Cardano (ADA) and Near Protocol (NEAR) Prices Pumping – Here’s Why

In an analysis, crypto analyst Alan Santana shed light on the promising prospects of NEAR Protocol (NEAR) and Cardano (ADA). His insights offer a glimpse into the potential trajectory of these cryptocurrencies, painting a bullish picture for investors and enthusiasts.

NEAR Protocol: Poised for Massive Growth

According to Santana, NEAR Protocol (NEARUSDT) has exhibited a confirmed bullish action, closing green for four consecutive weeks. He believes the bear market of 2022 gave way to a consolidation phase in 2023, paving the way for a full-blown bull market in 2024 and 2025.

“Late 2023 was the start of this bull market, the recovery phase or ‘recovery year,'” Santana noted. He further explained, “In 2020, we saw massive growth but no new All-Time Highs. Similarly, in 2024, we will witness substantial growth, but new All-Time Highs may be an exception.”

However, Santana’s projections for 2025 are particularly bullish. “In 2025, we will see new All-Time Highs across the board, akin to the market’s performance in 2021,” he stated.

Significantly, Santana anticipates NEAR to hit $9.3, followed by $14.6, calling these targets “still easy.” Moreover, he predicts the possibility of new highs in late 2024 and a remarkable All-Time High in 2025, which could potentially reach $56. “Prepare for massive growth,” Santana advised.

Cardano: Breaking Through Barriers

Santana’s Cardano (ADA) analysis highlights the asset’s ability to surpass its previous ceiling, increasing the likelihood of further growth.

“With the growth it has experienced, it has been able to pass its old ceiling, which increases the possibility of further growth for us,” Santana observed.

Additionally, he identified supply areas between 0.91 and 0.87, followed by ranges from 1.16 to 1.16 and 1.25, as potential obstacles to Cardano’s upward momentum.

Consequently, Santana suggests entering buying positions during corrections in the demand areas of 0.57 to 0.6 and 0.51 to 0.49.

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Overall, Santana’s analysis paints an optimistic picture for both NEAR Protocol and Cardano, indicating potential for significant growth and new milestones soon.

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Samuel Munene
Samuel Munene

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