Cryptoknowmics 2022-03-30 03:57:26

Near Protocol Breaks above a Bull Flag, Buyers Aim for $20

Near Protocol prices are solid when writing, adding 21 percent in the previous week versus the USDT. In a breakout pattern, the token might retest $20. Past Performance The Near Protocol is on a tear at spot rates, outperforming BTC and ETH in the last trading day. Currently, NEAR is perched at 20th in the market cap leader board, adding 21 percent in the previous week of trading versus the USDT. Notably, from the performance in the daily chart, the token is trading at a near two-month high in a bullish breakout formation. Near Protocol Technical Analysis NEAR prices are edging higher, rising with the crypto markets. In the daily chart, NEAR is trading within a bullish breakout pattern above $12, confirming earlier gains of March 23. Based on these developments, traders may find entries on every retracement towards $12—former resistance now support. The breakout pattern may form the basis for another leg up towards Q1 2022 highs of $20 in a buy trend continuation pattern. Conversely, a sharp drop below $12 would slow down buyers as subsequent confirmations nullify the bullish preview. What to Expect from NEAR Near Protocol is turning the corner at spot rates. In a bullish breakout pattern above a bull flag, the token may spring back towards H1 2022 highs.The post Near Protocol Breaks above a Bull Flag, Buyers Aim for $20 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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