Traders Eye Next Big Move After 50% Surge
The post Traders Eye Next Big Move After 50% Surge appeared com. NEAR Protocol (NEAR) has delivered impressive price action over the past few weeks, offering traders an interesting setup for potential profits. Despite a rough year, the project is showing renewed momentum, leading many to question whether the current stabilization phase is a precursor to another big move. While NEAR works through its consolidation phase, investors looking for maximum growth potential in a utility-backed asset are targeting tokens at a lower price point. This brings focus to Bitcoin Hyper (HYPER), currently trading in its presale phase at a fixed rate of approximately $0. 013215, cementing its status as a top contender for the best crypto under $1. Source Cryptonews YouTube Channel NEAR Price Prediction On the yearly chart, NEAR remains down about 41. 3%, showing the weakness that hit the market earlier this year. However, momentum is shifting. Over the past month, NEAR jumped 18. 2%, rising from $1. 70 to nearly $3 in just a few days and recording a 76% rally. The weekly gain reached around 47%, reflecting strong buying pressure. The token is now consolidating after this rapid move, suggesting that the market is preparing for its next phase. Over the last 24 hours, NEAR slipped only 0. 42%, showing strength despite a slight cooldown. On the daily chart, the stochastic momentum indicator shows NEAR deep in the overbought zone. Each time it enters this region, the asset usually faces rejection followed by a pullback. Similar readings in earlier cycles led to quick corrections, and current signals point to another short-term retracement before the uptrend continues. This repeated pattern of overbought momentum and cooldown increases the chance of a brief dip before recovery. Traders are closely watching key support areas and the 200-day EMA, which could act as dynamic support during a correction. The first pullback zone sits between 2. 60 and 2. 40, while. Continue reading Traders Eye Next Big Move After 50% Surge