NEAR Protocol Price Breaks Above Descending Trendline, Eyeing A Rally Ahead

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NEAR Protocol Price Breaks Above Descending Trendline, Eyeing A Rally Ahead
NEAR ProtocolCryptocurrencyPrice Prediction
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NEAR Protocol (NEAR) price continues its upward trajectory after a surge of over 14% on Monday, breaking above the descending trendline. On-chain data reveals rising open interest and Total Value Locked (TVL), indicating increased buying pressure and blockchain usage, suggesting a potential rally ahead.

Protocol price breaks above the descending trendline, eyeing a rally ahead. On-chain data shows that

’s rising open interest and Total Value Locked , which suggests new buying and greater blockchain usage is occurring, all hinting at a rally ahead. ’s price could rally 34% from $4.745 to retest its daily resistance level at $6.354. The Relative Strength Index indicator on the daily chart shows that the

Protocol’s on-chain data further supports the bullish thesis. Coinglass’s data shows that Open Interest chart Crypto intelligence tracker DefiLlama also aligns with the bullish perspective. Data shows that -based protocols.

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NEAR Protocol Cryptocurrency Price Prediction Bullish Trend On-Chain Data

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