Posted 12/6/2023, 10:43:06 AM
NEAR Protocol Price Nears Yearly High After Breaking Long-Term Resistance
- NEAR Protocol (NEAR) price is approaching its yearly high after regaining footing on November 28
- NEAR broke out above long-term descending resistance trendline in place for 440 days
- NEAR broke through 0.618 Fib retracement resistance level, indicating upward movement is not corrective
- Bullish indicators like rising RSI above 50 suggest NEAR price still has room to rise
- If bullish momentum continues, NEAR could reach next horizontal resistance around $2.70, a 15% increase from current levels