The subject of this analysis is the NEAR Protocol (NEAR), known for its scalable blockchain design. We focus on the price prediction for NEAR for the coming period. This article provides a glimpse into our technical analysis from our premium environment.
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Technical analysis of NEAR Protocol (NEAR) price
Crypto Insiders analysts discovered an interesting opportunity on the NEAR chart and immediately shared it with all members in the premium environment. They said this:
“We see a remarkable development in the NEAR chart. After a period of consolidation where NEAR significantly improved its price action, we see the beginning of a 12345 Elliott wave pattern.
This signals a potential uptrend, especially now that NEAR has hit the exact golden pocket – a crucial area between the 50% and 61.8% Fibonacci retracement levels – with price levels between $2,748 and $2.84 during Wave 2.
Reaching the golden pocket indicates strong support for NEAR and marks a possible turning point. This potentially means that wave 3 will push the price to $4, an increase of around 40%.”
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