NEAR Technical Analysis: Fibonacci Levels Teases 40% Growth

NEAR coin prices give a bullish breakout from the $13 neckline resistance of the rounding bottom. Can buyers revisit the $16.5 mark? Key technical points: NEAR prices break above the $13 mark. The coin price grew by 3% last week. Finally, the 24-hour trading volume of Near Protocol is $1.25 Billion, marking a 100% rise. Past Performance of NEAR Last week, the NEAR price oscillated in an ascending triangle pattern. Amid the recovery sentiment in the crypto market, the altcoin started to pump higher and breached the $11.8 neckline resistance. The increased bullish momentum allowed the buyers to challenge the $15 monthly resistance. Source-Tradingview NEAR Technical Analysis The technical chart revealed a rounding bottom pattern as the NEAR/USDT pair recovered steadily. Finally, on March 29th, the buyers gave a massive bullish breakout from the $13.4 neckline, coinciding with the 38.20% Fibonacci level supported by a significant volume pump. The bullish rally sustains above all the crucial daily EMAs (50, 100, and 200), resulting in a reversal in the 50 and 100-day EMA. The reversal brings a bullish crossover and sabotages the previous bearish alignment. Moreover, the 200-day EMA continues the uptrend reflecting a solid underlying bullishness. RSI Indicator: The RSI slope shows a higher low formation with the help of the 14-day average line resulting in a trend to the 70% boundary. Hence, the indicator showcases phenomenal growth...