price of NEAR, the native token of the Near protocolhas recently seen upward momentum, with cryptocurrency analysts predicting further price increases and suggesting that the coin could rise above $10 soon.
Expected to rise by $10 with price close to protocol
Bruntz on X (formerly Twitter) is a popular cryptocurrency trader and analyst. announced Main price prediction for near. The analyst revealed that the NEAR price is following a historical pattern of bullish gains and could move above $10.
$near send turbo here pic.twitter.com/4o28UEsfE1
— Bruntz (@Bruntz_Capital) April 3, 2024
Brandts, a pseudonymous analyst known for his eerily accurate Bitcoin (BTC) predictions, made his predictions in June 2018. BTC price After reaching a high of $20,000 at the time, it would bottom out at $3,200. True to his foresight, Bitcoin fell to around the expected target price by December of the same year.
Currently, using technical analysis based on the Elliott Wave principle, Brandts shares the following price chart: Possible protocol rise is near Up to $10 or more.
NEAR market cap currently at $7.4 billion. Chart: TradingView.com
Elliott wave theory, a technical methodology developed by Ralph Nelson Elliott that analyzes repetitive, long-term price patterns associated with sustained changes in investor sentiment and psychology. This technical tool is used to predict the price movements of cryptocurrencies based on greed and fear.
Bluntz provided two charts showing near protocol price movements against Tether (USDT) and another chart against Bitcoin.
On both charts, Near Protocol experienced a series of price movements, moving between green and red zones before exhibiting strong price fundamentals that could push the price above $10. . The cryptocurrency analyst pinpointed the expected timeline for this price spike around mid-April, specifically before the 15th.
Insights into NEAR’s recent price movements
Over the past month, Near Protocol’s price has been on a steady upward trend, increasing by an impressive 26%. Furthermore, the market capitalization of cryptocurrencies increased by more than 6% and 24-hour trading volume increased by 25%.
According to CoinMarketCap, Near Protocol is trading at $7.09 at the time of writing, reflecting a massive 5.89% gain in just one day. These developments highlight the growing appeal and demand for popular tokens within the dynamic crypto space.
Illia Polosukhin, co-founder of Near Protocol, also said: was praised NEAR team's consistent efforts to maintain the steady growth and development of cryptocurrencies over the past few months. Polosukhin said that thanks to the team's dedicated efforts, Near Protocol's capacity has surged by his 50%, ensuring a more effective network to serve users.
Featured images from Pexels, charts from TradingView
