NEAR Protocol's native token has surged 24% in the last 24 hours, reaching a high of $2.34, its highest since mid-October. This price jump comes as the token broke a key resistance level, driven by a significant increase in buying activity. Daily trading volume for NEAR soared over 300% to $753 million.
The recent rally is attributed to the Intents protocol, which enhances privacy and interoperability, and is further bolstered by Zcash's (ZEC) impressive 700% rise over the past month. Technical indicators such as RSI and MACD suggest the potential for NEAR to double in price, possibly reaching $4.60 if the current momentum persists.
NEAR Protocol Token Jumps 24% Amid Strong Buying Activity
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
