Amid a bearish crypto market, NEAR Protocol (NEAR) has emerged as a notable exception, demonstrating remarkable resilience and defying the prevailing downtrend.
Its trajectory has been one of consistent upward momentum, a trend that began in mid-December and has since gained strength.
Unlike general market sentiment, which has been characterized by a downturn, NEAR has not only weathered the storm but has also risen impressively.
The crypto’s value has increased by 80% in the last seven days, attracting the attention of both market participants and enthusiasts.
This surge has effectively doubled NEAR‘s base value, which was $4.24 at the time. This indicates a strong and impressive performance in stark contrast to the current market conditions.
NEAR’s upward trend is not a fluke; it is supported by solid technical indicators. On December 21st, a decisive price breakout shattered a critical resistance level at $4.0, paving the way for sustained growth.
This breakout created enthusiasm for further price appreciation. Furthermore, an ascending trendline, currently at $3.7, serves as dependable support against potential downward movements.
NEAR’s exceptional resilience has attracted market attention and recognition. Crypto’s ability to thrive in adverse conditions has distinguished it as a notable exception, fostering investor confidence.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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