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Crypto

NEAR Price Eyes $3 Rally as Consolidation Continues

Guavy AI Editorial Team
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NEAR
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The price of NEAR Protocol (NEAR) is consolidating after a strong recovery from its early-August lows.

According to crypto analyst Michael van de Poppe, if NEAR can move back above $2.40, it could regain bullish momentum and potentially reach the $3 level.

The technical structure of NEAR remains bullish, with the price currently trading above all 20, 50, 100, and 200 EMAs.

However, derivatives market activity indicates that traders have become less aggressive, which may cap any near-term gains for NEAR unless new demand comes in.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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