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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.
I want to give a huge shout out to @BowenWang18 and everyone working on NEAR Protocol.
— Illia (root.near) (🇺🇦, ⋈) (@ilblackdragon) April 6, 2024
NEAR network has went through an amazing growth over past 3 months, which led work group to add 2 more shards (4 => 6) increasing capacity by 50%.
NEAR saw pick up in utilization as part of… pic.twitter.com/79RMpOVsjD
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 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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