NEAR Ready to Jump 15%? Check out the Bullish Signals!

Jakarta, Pintu News – The crypto market is always full of interesting dynamics to follow. One token that is currently attracting attention is NEAR Protocol NEAR6.32%->Current NEAR PriceRp 45.4036.32%Market Cap-Trading Volume-Circulating Supply-, which is showing some strong signals that it may be about to experience a significant upswing. Various technical indicators and market momentum suggest that NEAR could be gearing up for a major breakout.

Inverse Head-and-Shoulders Pattern: Is This the Start of a Rally?

NEAR’s recent chart shows a clear inverse head-and-shoulders structure, which is often considered a bullish indicator. The neckline of this pattern is located slightly above $2.14, with strong support at $2.06 and $1.95. If NEAR manages to break this neckline, there is significant upside potential.

This pattern not only attracts attention because of its graphical formation, but also because of its implications for changes in market sentiment. A successful breakout from this pattern could trigger more buying and push NEAR prices higher.

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Short Liquidation Indicates Market Uncertainty

The latest liquidation data shows that market participants who bet on NEAR price declines are starting to feel the pressure. The short liquidation reached $31.42K, much higher than the long liquidation of only $10.46K. Binance, as one of the major exchanges, recorded a short liquidation of $21.25K.

This phenomenon suggests that many traders may be misreading the direction of the market, which in turn could strengthen the potential rebound of NEAR prices. When short positions are closed, this often creates a domino effect that drives prices higher.

Social Volume and Developer Activity: Other Vital Indicators

In addition to technical analysis, social volume has also shown increased interest in NEAR. Social volume has increased to 6, with market dominance rising to 0.039%. This signals that NEAR is starting to get more attention from retail traders.

On the other hand, NEAR developer activity showed a decline from 27.68 to 19.48 on April 12. While this could be considered a temporary decline after a series of massive increases, it does not indicate a trend reversal in the near future.

Conclusion: Will NEAR Start Its Big Rally?

With various positive indicators from technical analysis to market dynamics, NEAR Protocol (NEAR) seems to be gearing up for a price surge. The inverse head-and-shoulders pattern, along with an increase in social volume and pressure on short positions, gives a strong signal that NEAR may experience a rise of up to 15% in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Assessing the odds of NEAR’s reversal signal fueling a 15% hike. Accessed on April 14, 2025
• Featured Image: Near Blog