NEAR on Track to $5 as Van de Poppe Cites ZEC Correlation

NEAR has been gaining momentum in recent times, and crypto analyst Michaël van de Poppe believes that it's on its way to a $5 target. As of now, NEAR is trading at $3.25, which is testing the upper Bollinger Band resistance at $3.19.

The Relative Strength Index (RSI) is currently at 84.7, indicating overbought conditions, while the MACD(12,26) has formed a golden cross at 0.19. This suggests that NEAR may experience a pullback to the EMA50 support level of $2.52 before continuing its upward trajectory.

Van de Poppe cites the correlation between NEAR and ZEC as one of the reasons for his bullish prediction. He believes that if this correlation holds, NEAR will indeed reach his target price of $5.