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NEAR Protocol’s Surge Attracts Investors Eyeing Substantial Returns

Azeez Mustapha


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NEAR Protocol’s surge amidst the bull run attracts investors eyeing substantial returns. The impending bullishness for NEAR Protocol (NEAR) is creating a buzz in the cryptocurrency market amidst the 2024 bull run. Investors are eyeing NEAR as a promising asset for substantial returns. Recent price movements reflect a notable upward trend, fueled by optimism surrounding NEAR’s innovative solutions in blockchain technology.

Utilizing sharding and other groundbreaking techniques, NEAR aims to enhance transaction speeds and network efficiency. With strong backing from leading venture firms and a dedicated development team, NEAR Protocol is poised to emerge as a key player in the decentralized application landscape. Features like Nightshade sharding and the Rainbow Bridge underscore NEAR’s forward-thinking strategy, drawing attention and instilling confidence in its potential for growth.

Key NEAR Protocol Levels to Watch – April 7 

NEAR Protocol's Surge Attracts Investors Eyeing Substantial ReturnsNEAR experienced a major retracement after hitting the $9.000 resistance. The market’s overall trend is currently bullish, according to the indication of the SMA (Simple Moving Average). 
The massive expansion from the discount zone since January 2024 led to the overall uptrend. The Stochastic Oscillator now suggests that the bulls have returned to the market as the price left the bullish order block.

NEAR/USD Key Levels

Resistance Levels: $7.500, $8.100, $9.000 
Support Levels: $4.620, $3.450, $2.450

NEAR Metrics

Total Market Capitalization: $2.59T
NEAR Protocol Market Capitalization: $7.36B
NEAR Protocol Volume: $329M
Market Rank: #20

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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