Well-known cryptocurrency analyst Michael van de Poppe has recently drawn attention to the NEAR Protocol blockchain, pointing to a potential significant shift in its market trend. According to him, NEAR is showing signs of forming a "bottom" and is preparing for potential growth, which could attract investors.
Van de Poppe noted that NEAR, a competitor to Ethereum with a focus on scalability and developer-friendliness, has shown notable resilience amid the recent market downturn. He pointed to several technical indicators and price levels that may signal an approaching trend reversal:
* Strong support formation: NEAR's price has held above key levels, indicating buyer interest.
* Decreasing selling volume: Selling pressure is weakening, which often precedes growth.
* Positive news from the ecosystem: Active project development and partnerships are supporting fundamental metrics.
The analyst emphasizes that such a trend shift could be a significant event for the altcoin, offering favorable opportunities for those who believe in NEAR's long-term potential. However, he traditionally reminds about risks and the importance of conducting independent analysis.
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