Why is NEAR Price Up Today? Analyst Eyes Further Upside To This Level

NEAR, the native token of the NEAR Protocol, has seen a swift price pop over the last 24 hours. Key highlights include:

  • 24H Low: $3.59
  • 24H High: $4.31
  • 24H Volume: $383 million, up 91%

This powerful 17% rally comes as NEAR revisits levels not seen since last summer amid the broader crypto market crash.

The exact driver behind this latest move is unclear, although momentum has been building in NEAR ever since it reclaimed the $3 support level earlier this month. As a reminder, the NEAR Protocol represents a high-performance layer-1 blockchain focused on delivering scalability, interoperability, and usability for decentralized applications.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Its robust technical architecture and growing ecosystem adoption have sparked renewed investor interest after the chaos of 2022.

Adding momentum, crypto analyst CryptoAce notes that NEAR looks poised to continue higher after clearing the prior $4.60 resistance. Upside price targets likely reside near its all-time high around $20 should bullish momentum persist.

In summary, while the catalyst for this week’s rally is uncertain, NEAR’s blockchain innovation and recent technical breakout signal a resurgence for the NEAR token from a trading perspective. Further volatility is expected with prices at 10-month highs.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!