NEAR Protocol Price Prediction: Bullish115% or Bearish 44% ?!
NEAR Protocol is currently trading within an ascending channel, with clear reactions to the channel's support, resistance, and midline.
Based on current market conditions, our first expectation is for NEAR to break above the $6.037 resistance level and continue its upward trajectory, supported by the $5 level. This could lead to price targets of $7.4, $8.9, and ultimately $13.
However, a bearish scenario could also unfold if the channel's support is broken and the $5 level fails to hold. In this case, NEAR could experience a downward movement towards the $3 level.
Which scenario do you favor?
Based on current market conditions, our first expectation is for NEAR to break above the $6.037 resistance level and continue its upward trajectory, supported by the $5 level. This could lead to price targets of $7.4, $8.9, and ultimately $13.
However, a bearish scenario could also unfold if the channel's support is broken and the $5 level fails to hold. In this case, NEAR could experience a downward movement towards the $3 level.
Which scenario do you favor?