NEAR PROTOCOL CHART ANALYSIS – PRICE BEFORE BREAKOUT?!

Near Protocol (NEAR) is currently trading at a price of USD 3.20 and thus directly at our resistance of the sideways range, which we have formed since the beginning of October.

The 4H chart is already scratching the overbought territory, but this may still be enough for us to stage an impulsive breakout.

If we can do that, the first price target is around $3.40. There we have an inefficiency from the last sale. This could thus be filled and cause a reset to the top of the range.

The picture looks much more interesting on the daily NEAR Protocol chart. There, should we get a breakout from the range, we're scratching at our all-time high resistance.

If we manage to get the above inefficiency and see a retest of key resistance as support from here, NEAR could start a rally.

So far, we have seen the same patterns across many altcoins. Impulsive breakout from the current range, retesting ATH resistance and then starting the rally. We should keep a close eye on this over the next few days at NEAR.

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