NEAR Protocol is making waves in the crypto world, breaking free from a 2-year bearish trendline and setting its sights on a new all-time high of $20. Currently trading at $6.69, NEAR is capturing attention with its innovative sharding technology and backing from industry giant NVIDIA.
Crypto enthusiasts and analysts alike are buzzing about NEAR's potential for significant growth. The key resistance level is pegged at $8.00, while support holds strong at $6.00. Although momentum indicators currently show a bearish bias, a breakthrough above $7.306 could spark a shift in momentum.
What’s driving this excitement? Increased volume and transaction fees suggest that network activity is on the rise. Additionally, liquidation analysis reveals a strong bullish bias, hinting at potential volatility in the near future.
As NEAR continues to gain traction, it’s certainly one to watch in the ever-evolving crypto landscape. Whether you're a seasoned investor or just curious about the latest trends, NEAR Protocol's journey towards $20 is worth keeping an eye on. Happy investing!
