NEAR Price Prediction: NEAR Jumps 9%, But Traders Shift To This Red Hot ICO Before Its Imminent DEX Listing – Next Rollbit Coin?
The NEAR price jumped 9% in the last 24 hours to trade at $5.3 as of 03:15 a.m. EST on trading volume that skyrocketed 58% to $748 million.
The NEAR surge came as AI crypto rallied with a 10% jump led by Synesis One (SNS), NEAR, and Internet Computer (ICP) after supportive comments from presidential candidate Kamala Harris and OpenAI founder Sam Altman.
NEAR Price To Continue Soaring
The NEAR price has been on a downtrend since August 24, as NEAR plunged from the $5.2 resistance zone to the $3.48 support zone, according to data from GeckoTerminal .
This support level allowed the bulls to stage a trend reversal, pushing the price of NEAR back to the resistance, forming a rounding bottom pattern. The bulls aim to capitalize on this pattern to push the price even higher.
NEAR price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish sentiments.
Additionally, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 73, showing that the token is currently under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also cements the bullish sentiments, with the MACD moving up above the neutral zone.
If the positive trend continues, NEAR could surge above the resistance, as the bulls currently target $7.0.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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