Hold onto your crypto wallets, folks! Near Protocol (NEAR) has been on a five-day price surge, breaking through some seriously important resistance levels. No biggie, right? Just a casual 25% jump from the bottom of the month. 🤯
So, what’s the damage? NEAR shot up to $2.30, leaving its former low in the dust. With this magical rise, its market cap is now sitting pretty at over $2.7 billion. That’s a lot of zeroes for a token that’s just out here living its best life. 💸
According to Nansen, there’s been a 7.7% increase in active addresses over the past week—making it to a whopping 790,273. But wait, there’s more! The number of transactions went up by 12%, hitting 52.7 million. Talk about a network on fire.🔥 The only networks ahead of it? Solana (SOL) and Tron (TRX). Just the heavy hitters, no biggie.
Meanwhile, DeFi Llama’s got the tea: Near Protocol’s DeFi applications have started to show some serious gains. Rhea Finance’s assets rose by 4%, and that’s just the beginning. Meta Pool, Linear Protocol, and TrueFin are also bringing in the crypto crowds. You know, just some casual DeFi flexing. 💪
But wait, there’s more good news! Stakers are flocking to Near like it’s the hottest nightclub in town. The staking market cap shot up 6% to $1.34 billion, pushing the staking ratio to 46.95%. And get this—Near has seen inflows for 19 consecutive days. That’s dedication, folks. With staking yields hitting nearly 10%, it’s safe to say NEAR is now the star of the staking party. 🥳
Near Protocol Price Analysis (Or: How to Make Money in Your Sleep)
On the daily chart, NEAR’s price has been doing the crypto equivalent of a rollercoaster ride. It dropped to a low of $1.8530 earlier this month but has since bounced back to $2.315. And no, that wasn’t a fluke. NEAR is retesting the top of a falling wedge pattern—aka, a bullish reversal pattern. Who knew crypto could have a personality, right? 🛠️
To add a cherry on top, oscillators like the Relative Strength Index (RSI), Percentage Price Oscillator (PPO), and Awesome Oscillator are showing bullish divergence. Translation: NEAR is not just riding the wave, it’s creating it. 🌊
So, what’s next? With bulls eyeing the $3.50 mark as the next big target, there’s a solid 51% upside from where NEAR is currently at. If it hits, expect this to be the most exciting thing to happen since, well, the last crypto rally. Maybe even the year. 😏
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2025-04-21 18:29