Is A Rally To $10 Imminent For Near Protocol (NEAR)?

CoinMarketCap11-24

The Near Protocol price action chart saw significant movements as the NEAR/USDT pair broke through and retested a major trendline. It reinforced bullish sentiments among traders. On the daily chart, ...

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It reinforced bullish sentiments among traders.\nOn the daily chart, ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/674245b40391dd5581e490c1/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is A Rally To $10 Imminent For Near Protocol (NEAR)?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs A Rally To $10 Imminent For Near Protocol (NEAR)?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 05:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/674245b40391dd5581e490c1/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Near Protocol price action chart saw significant movements as the NEAR/USDT pair broke through and retested a major trendline. It reinforced bullish sentiments among traders.\nOn the daily chart, ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/674245b40391dd5581e490c1/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAO","symbol_name":"中国房地产指数ETF-Guggenheim","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/674245b40391dd5581e490c1/","article_id":"2485733519","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/ac9acb6e213c4047ba9315cb7e0dcc9c.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485733519","pubTimestamp":1732396463,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The Near Protocol price action chart saw significant movements as the NEAR/USDT pair broke through and retested a major trendline. It reinforced bullish sentiments among traders.On the daily chart, NEAR saw a notable support-turned-resistance flip at the $5.10 mark, solidifying it as new support after its upward trajectory. This level served as a critical juncture for future price movements.Adding to the optimism, a golden crossover occurred yesterday. It is a bullish signal where the short-term moving average crosses above a longer-term moving average, in this case, the 13-day EMA.This event typically indicated the potential for substantial price increases and captured traders’ attention. It suggested a growing confidence in the asset’s performance.The retest of this trendline, coupled with the golden cross, painted a promising picture for NEAR. The volume and price action suggested that the asset was gaining momentum, potentially targeting the $10 mark.As NEAR garners more interest, ","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TAO":"中国房地产指数ETF-Guggenheim","BK4150":"赌场与赌博","NEAR":"iShares Short Duration Bond Active ETF","RSI":"Rush Street Interactive, Inc."},"translate_title":"Near Protocol(NEAR)是否即将反弹至10美元？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEAR":1,"RSI":1,"TAO":1},"content_text":"The Near Protocol price action chart saw significant movements as the NEAR/USDT pair broke through and retested a major trendline. It reinforced bullish sentiments among traders.\nOn the daily chart, NEAR saw a notable support-turned-resistance flip at the $5.10 mark, solidifying it as new support after its upward trajectory. This level served as a critical juncture for future price movements.\nAdding to the optimism, a golden crossover occurred yesterday. It is a bullish signal where the short-term moving average crosses above a longer-term moving average, in this case, the 13-day EMA.\n\n\nNEAR/USDT daily chart | Source: Trading View\n\n\n\nThis event typically indicated the potential for substantial price increases and captured traders’ attention. It suggested a growing confidence in the asset’s performance.\nThe retest of this trendline, coupled with the golden cross, painted a promising picture for NEAR. The volume and price action suggested that the asset was gaining momentum, potentially targeting the $10 mark.\nAs NEAR garners more interest, the market closely watches for its next moves. The technical setup at press time indicated a strong uptrend could be in store.\nNEAR Protocol’s Strong Uptrend\nSeth, a reputed analyst, noted that NEAR Protocol could continue its impressive performance in the crypto market, as indicated by recent technical analysis on the daily chart.\nThe analyst noted NEAR consistently maintained its upward trajectory within a well-defined rising channel, which has been intact since early 2023.\nThe Relative Strength Index (RSI), a key indicator of momentum, bottomed out and was trending upwards. That suggested increasing buyer interest and potential for continued price gains.\nThe moving averages have provided solid support, reinforcing bullish signals. The NEAR price recently rebounded off those averages, indicating a healthy uptrend.\n\n\n\n   Source: X\n  \n\n\nAdditionally, weekly buy signals have held firm, underscoring sustained investor confidence in NEAR’s growth potential within the crypto sector, particularly in applications tied to AI.\nAs NEAR approaches the upper boundary of its channel, market watchers anticipate a possible breakout.\nThe analyst noted if this trend persisted, the Near Protocol crypto price could reach new heights. It might even test the $16 resistance level in the coming months.\nThis optimistic outlook was bolstered by NEAR’s consistent performance and strengthening fundamentals in the crypto AI space, where it continues to make significant strides.\nGrayscale Involvement Signals Confidence\nMeanwhile, Grayscale Decentralized AI Fund showed its preference for the Near Protocol, allocating a substantial 31.2% of its portfolio to NEAR.\nThis positioning suggested Grayscale’s confidence in NEAR’s capability within the blockchain AI sector. Bittensor (TAO) followed with a 24.55% share, highlighting its relevance in the same space.\nFilecoin, though generally known for its data storage solutions, captured a significant 17.18%. That suggested a strategic diversification into decentralized storage solutions for AI applications.\nLesser yet notable allocations include Render and The Graph, holding 16% and 11.07%, respectively.\n\n\nGrayscale Decentralized AI Fund | Source: X\n\n\n\nRender operates on Solana and contributes to the GPU rendering space, potentially complementing AI processes. The Graph supports indexing and querying data across blockchains, crucial for decentralized AI functionalities.\nThis distribution not only reflected a bullish stance on these technologies by Grayscale but also indicated a strategic investment pattern.\nIt seems like aiming to enhance AI capabilities across various blockchain platforms. The diverse allocations suggested Grayscale’s approach to capitalize on different aspects of AI and blockchain integration, ranging from computational power to data accessibility and interoperability.\nThe post Is A Rally To $10 Imminent For Near Protocol (NEAR)? appeared first on The Coin Republic.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485733519"}