While the NEAR market has been experiencing bearish activity, bulls have recently stepped up their pace with a rally. NEAR’s price movement has turned positive after recent bear market activity. Coingecko data shows that NEAR experienced a series of price increases and decreases before the bulls charged back on September 8. The bulls have set their sights on profits of 20% as the crypto enjoys trading in green territory in the last 24 hours. Within the past two days, there have been three noteworthy price movements. There was a big jump on September 7, then a drop later that day. The price continued its ascent and hit a new high on September 8. Several indicators seem to favor the bulls, according to a recent study. Related Reading: Polygon Banks On Merge To Get Rid Of 60,000 Tons Of Carbon Footprint NEAR Shows Aggressive Upward Pace The Near Protocol weekly chart displayed a “Bullish Bat Harmonic” pattern, indicating an upward trend. The second top in such bullish pattern, on the other hand, is lower than the first. Analysts have interpreted this pattern as evidence that the current trend will continue. The $4.30 range has provided support for the upwards progression, while $4.60 has offered resistance. But as with any funding, there is always a risk of a downstroke. Some market observers caution that a bear breakout at $4.30 would be detrimental for the uptrend. This purely theoretical bear growth spurt has...
