- Altcoin NEAR pumps by over 6% as the rest of the crypto market bleeds.
- Bitcoin and Ethereum sink to lower targets as a brutal correction plays out.
- Analyst shares bullish and bearish targets for altcoin NEAR.
The crypto community watches a brutal correction play out as the prices of Bitcoin and Ethereum fall to lower prices. Presently, the prices of BTC and ETH are trading in the $82,000 and $2,500 price ranges, marking a heavy fall from $87,000 and $2,700. Despite this dip, the altcoin NEAR pumps by over 6% as the rest of the crypto market bleeds. Can NEAR reclaim a higher price soon?
Altcoin NEAR Pumps By Over 6% as the Rest of the Market Bleeds
According to CoinMarketCap analytics, the price of NEAR is trading at $5.43, marking a surge of over 6% over the last 24 hours. This, especially in the crypto market events of the last 24 hours, where the prices of Bitcoin and Ethereum have been falling steadily, is a highly impressive move. Yesterday, the price of NEAR fell below $5, leading to tension among NEAR holders, and now the asset is back up over $5.
As we can see from the post above, this expert highlights how the price of NEAR is doing exactly what they expected, which is to have first reclaimed the $3.25 price target, which is now long achieved. Now, as NEAR price is trading around $5, the expert beelives the interesting part is just beginning. According to this expert, the next main bull target for NEAR sits at $9 before surging to the asset’s previous ATH at $20.57.Â
What’s the Next Bull Target for NEAR?
The expert also goes on to the possibility of NEAR surging past even the $20 price range to enter price discovery territory. Thus, they say that if NEAR surges over $20, then new ATHs in the $30 price range and above can become very realistic in a full altcoin expansion. From the cycle low, that would be a surge of over 2,779%. The post concludes by stating that most people will wait for $20 to believe in NEAR again, and by then, the easy part of the move is already over.
Adding to the conversation in the post above that discusses a critical breakout for NEAR. The analyst says the first confirmation zone is between $5.5 and $6. A pullback would bring it to $4 – $4.6, and a breakout will push NEAR’s price to its next major hurdle, which sits at the $7.5 – $9 price range. The 1.618 Fibonacci extension near $8.36 adds another technical reference inside that zone.
Beyond $9, the roadmap opens toward $11 – $12, followed by the historical $15 – $16 supply area. Each reclaim needs to become support before the next leg develops. The final target is the approximately $20.44 ATH, around 297% above the snapshot price. This is a weekly recovery scenario, with room for substantial corrections between targets. Losing $4 would weaken the setup and bring the $3.81 Fibonacci retracement and former $2.5 – $3.2 range back into focus.
