NEAR Protocol (NEAR) has once again attracted attention as it formed a golden cross on the daily chart, a chart pattern that technical analysts typically interpret as a sign of a strengthening bullish trend. The token has bounced back quite dramatically over the last few weeks, rising from less than $1.50 to about $2.60 (₹217) as the buying interest has returned. Factors such as recent positive vibes about AI-related blockchain projects and an overall positive sentiment in the crypto market have also contributed to the price increase. The $3.00 (₹250) level, being a psychological barrier, is the next point of interest for traders. NEAR reaching that level will probably hinge on whether the buyers are successful in maintaining the momentum and overcoming the resistance levels.

Ready to act on these levels?

▼ Support

$2.40

(₹200)

▲ Resistance

$3.00

(₹250)

NEAR continues trading above $2.40 with healthy buying volume

If NEAR continues trading above $2.40 with healthy buying volume, the recent golden cross could encourage further upside. A sustained move above $2.70 may open the door for a test of the $3.00 (₹250) level, a price traders have been watching closely.

Buying momentum weakens below $2.40

If buying momentum weakens and NEAR slips below $2.40, traders may start taking profits after the recent rally. That could lead to a move toward the $2.10 (₹175) support area before buyers step in again.

The Golden Cross

The biggest catalyst for NEAR right now is the newly formed golden cross, where the 50-day moving average has crossed above the 200-day moving average. Traders often view this as a sign that a longer-term uptrend may be developing. While it doesn't guarantee higher prices, it has brought renewed attention to NEAR and strengthened expectations that the token could challenge the $3 level if buying interest remains strong.

Trade NEAR based on these levels today.