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NEAR Rockets 7% in Fierce Bullish Rebound—Here’s Why Traders Are FOMOing In
NEAR Rockets 7% in Fierce Bullish Rebound—Here’s Why Traders Are FOMOing In
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NEAR Protocol defies the crypto winter with a blistering 7% surge—proof that smart contracts still have teeth.
Breaking Down the Rally
No fluke here. The Layer-1 blockchain’s native token is eating bearish sentiment for breakfast, fueled by developer activity and a suspiciously timed influencer tweet. Traders chasing green candles won’t care either way.
Wall Street Analysts, Meanwhile...
‘It’s technically overbought,’ whispers a Goldman Sachs quant—right before adjusting his hedges. Classic.
- Support confirmed at $2.51 during consolidation phases.
- Buying pressure maintains above $2.62-$2.64 resistance-turned-support.
- Higher lows pattern establishes throughout recovery phase.
- V-shaped reversal completes with 143,188-unit volume spike.
- Breakout above $2.67 confirms bullish continuation.
- Next resistance targets $2.70-$2.72 levels.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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