Near Protocol Price Breaks Key Resistance Level Amid Bullish Sentiment

The Near Protocol price has made significant strides in recent times, recovering by 132% from its low of $0.97 to reach the current level of $2.25.

According to Rand Group, this recovery is not a one-time event but could be part of an ongoing trend with $3 being a key resistance level that needs to be broken for further gains.

The analyst points out that if buyers can clear the $3 barrier, the next levels on the chart are $3.80, $4.60, and $5.40, ultimately leading to a revisit of the old high of $6.20.

However, there are also risks associated with this move, including regulatory uncertainty that could impact the wider crypto market.