Altcoin traders and NEAR enthusiasts continue to remain bullish on long-term holds. Can the price of NEAR surge this year? Bull targets for NEAR are set at $3, $6, $9, and $20. The crypto mar
The crypto market has seen several bullish signals across multiple altcoin assets over the last few years as several promising assets have been building multi-year bullish indicators across their respective price charts. Among the many bullish altcoins at the moment, altcoin NEAR remains a strong contender, leading altcoin traders and NEAR enthusiasts continue to remain bullish on long-term holds.
Over the last quarter, a handful of popular altcoins assets have been making small price surges, only to drop back to lower targets as the price of Bitcoin experienced heavy falls. Despite the repeated up and down movements, analysts remain certain that the price of NEAR will continue to rise over the coming days, and perhaps even go on to hit much higher prices and possibly reclaim previous ATH targets.
According to CoinMarketCap analytics, the price of NEAR is trading at $1.78, showing that the asset has fallen by over 5% in the last 24 hours. What’s more, the asset has been down by over 8% over the last 30 days, meaning sentiments have taken a hit for a bullish follow through. Yet, the NEAR price chart shows promising bullish indicators forming across multi-year signals. Will it see a spike in price this year?
https://twitter.com/CryptoMichNL/status/2080592575707091027 For what the price of NEAR is currently facing, the expert in the post above explains how ever since NEAR price hit the $1.80 price range for a support test, it went sideways. Since then, volatility has gone down, and there's not much that has been happening since. Despite that, he says that this sideways movement won't last for long, and what will likely play out next is a new uptrend.
Similarly, another expert and NEAR enthusiasts shares a bullish take as we can see from the post below. Specifically, he highlights how NEAR continues to defend a major long-term accumulation zone and that the price is trading near an area where previous cycles formed their bottoms. From here, the first resistance sits around $3.3 and a breakout above that level could accelerate momentum.
https://twitter.com/PnLzero/status/2080754962418766229Once that target is achieved, the price of NEAR will aim for the next major target, which is at the $9 price range. Historically, this was a heavy distribution zone. If buyers reclaim it, the path toward the final target becomes much cleaner. The long-term target remains around $20, that would represent roughly 1,000% upside from current prices. As long as the current support holds, the higher-timeframe structure remains bullish.
