NEAR Analysts Predict Short Correction Before Breakout
Reputable analysts are monitoring NEAR's price movements as it sits just under $2, leading them to expect a short correction before a breakout. This comes amidst a growing surge in crypto market sentiments since the previous month when both Bitcoin (BTC) and Ethereum (ETH) broke past several resistance levels.
Analysts believe that BTC is close to breaking past two major resistance levels, with the first at $79,000 and the final one at $82,000-$84,000. Once BTC confirms a bull market phase by reclaiming these prices, the entire crypto market is likely to enter a bullish phase.
Among the many altcoins showing strong pump indicators are XRP, XLM, FET, SUI, FIL, and NEAR, which have also printed several bullish patterns on their price charts. Analysts expect that if BTC and ETH continue to reclaim higher prices, it will likely lead to an altseason peak phase.
Looking specifically at NEAR, analysts predict a shallow pullback to $1.73 before consolidating for more time. From there, the asset could potentially hit new ATH prices, with some predictions suggesting targets of $4.92, $9.01, and even $20.58. However, it's essential to note that price targets over $30 for NEAR are highly likely.