Near Protocol's Price Consolidation Hinges on Breaking $2.50 Barrier
Near Protocol's price has been consolidating after a strong upward trend in recent weeks. As of now, NEAR is trading around $2.41, up from its September start at approximately $1.80.
The current daily candle has formed a spinning top pattern with relatively little real-body movement compared to its intraday range. This suggests that neither buyers nor sellers have firmly established control over the current price after multiple strong bullish sessions.
A Golden Cross is possible, as the 50-day moving average ($1.84) approaches the 200-day moving average (also around $1.84). The 100-day average ($1.88) remains marginally higher. A Golden Cross would confirm rather than initiate a trend change that has already begun.
The immediate level for bulls to break is between $2.50 and $2.55, with a profitable daily close above it potentially revealing the $2.65 area and then the June range between $2.80 and $3.00.