Assessing the odds of NEAR's reversal signal fueling a 15% hike
NEAR might be approaching a key breakout as technicals aligned with rising retail and liquidation momentum.
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NEAR might be approaching a key breakout as technicals aligned with rising retail and liquidation momentum.
Prominent crypto analyst Ali Martinez has shared a bullish prediction on the NEAR market suggesting a potential 15% gain is on the horizon. Amidst a major downtrend, Martinez's latest forecast reveals the altcoin could soon see a significant market rebound.
The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.
Crypto prices were mixed last week as most investors remained in the sidelines as the fear and greed index moved to the extreme fear zone of 4. Bitcoin rose by about 1% during the week, while other tokens like Cardano, XRP, and BNB were barely moved as US stocks plunged.
Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan's Softbank, Microsoft, and other investors. With this latest round, OpenAI's valuation now stands at $300 billion.
Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.
The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.
Right now, NEAR Protocol is going through a tough time, with its token on the decline.
The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.
Bitcoin and crypto are currently seeing a relief rally on Tuesday. Is this short-term, or could this be the start of something bigger?
MoreMarkets aims to create yield opportunities from XRP, DOGE and other non-EVM tokens on different DEXs without having to leave their original network.
NEAR could be preparing for a major move on the price charts soon.
NEAR Protocol (NEAR) is a blockchain platform that focuses on scalability, usability, and ease of development for decentralized applications (dApps) and smart contracts. It aims to provide a high-performance alternative to other platforms like Ethereum, with a strong emphasis on user and developer-friendly features.
Ripple (XRP) was also among the top performers, gaining 4%.
NEAR Protocol has created history with its mind blowing hold over the world. The financial system was revolutionized when NEAR Protocol started climbing the ladder.
Near Protocol (NEAR) is approaching a key resistance level, fueling speculation about whether it can break out to new highs or face a pullback. At the time of writing, NEAR's price sits at $3.25, reflecting a 5.03% increase.
Near Protocol is testing a crucial resistance level; breakout potential hinges on market interest.
Major blockchain companies including Coinbase and NEAR have formed the Open Agents Alliance to provide accessible, open-source AI development tools and infrastructure.
Cardano and SUI now feature in the Grayscale Smart Contract Fund following its latest rebalancing.
The Open Agents Alliance (OAA) consists of NEAR AI, the payments and AI arms of crypto exchange Coinbase and an array of other blockchain and AI projects.
The crypto market plunged into the red, shaving off over $230 billion after President Donald Trump announced that tariffs on Canada and Mexico would be effective in March. As a result, market sentiment sank to extreme fear, with cryptocurrencies registering significant losses.
In its recent analysis, market intelligence firm Messari has provided a comprehensive overview of the NEAR Protocol's performance in Q4 2024. Despite facing headwinds in the broader crypto market, NEAR has demonstrated notable resilience through increased activity and strategic developments.
NEAR Protocol has witnessed impressive growth in its decentralized finance (DeFi) ecosystem, with a 150% increase in total value locked (TVL) over the past year. This surge highlights the growing interest and confidence from investors in the network.
What's for NEAR after hitting the yearly $3 support zone?