$NEAR | Can it make 3X or more ?

25 nov. 2024

NEARUSDT NEAR/USDT:
Good to back with you guys.
So as I shared few months ago about the market growth and potentials, most of alts popped up and experienced strong pumps. But the best is yet to come.
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
Source: Coin market cap
NEAR currently ranked 20th in market cap with 8.42B $ and each token cost you $6.9 to buy. The ATH for this gem is $20.42 which is 66% more than current price.
Technical highlights:
- MA:
M1: Since Aug. till this month, MA20 held the trend amazingly and made the price bounce every month. As long as price hovers above this moving average I remain bullish on this.( MA20 is $3.67)
W1: Price managed to break above key MA's (10, 20, 50,100, 200) couple of weeks ago with decent volume to confirm its uptrend. Currently, $4.8 to $5.2 is the congestion of MA?s to support this trend. I expect to retests of these levels. Despite the dead cross in W1 time frame there is nothing but bullishness.
D1: its more clear in daily time frame that price is moving above those key MA?s and successfully tested MA200 as support level at $5.25. Golden cross happened yesterday and I expect to see this cross in W1 soon.
- Levels:
Price moves in a large parallel channel since Nov.2020 and respected its highs, lows and midline properly. Mid-line as a key reversal zone located at $2.7. At this level investors created a demand zone up to $3.4 and price has bounced each time that touched this area. (Feb 2024, Aug 2024 and Nov 2024). In lower time frame (D1) and at the time of writing, Supply level at $6 to $6.4 absorbed and broken with good volume properly. All is left is an S/R test. Next resistance level is $7.7 as another D1 supply region. Another resistance level is EQ highs at $8.5. Big boss and final obstacle is all time supply area above $14 (to $20).
I believe price will hit equal highs at $20 but not sure if we will witness price discovery (more than $21)
- Conclusion:
All these opinions are mine and can be wrong, so please DYOR.
I think this project has a great potential to grow more and amend in market cap ranking, and I will buy in steps and after confirmation of a successful S/R test. My strategy goes as below:

🛒 Pair: NEAR/ USDT 🛒
👑 Bitcharge 👑
🕰 25/11/2024 🕰
POSITION: 🟢"Buy"🟢
2 % of capital
Ex: Binance, MEXC, KUCOIN,
🛒 Buy1: 5.5 – 6 🛒
🛒 Buy2: 4.8 – 5.2 🛒 DCA
👉Sell Targets👈
🎯TP1: 6.85 🥉
🎯TP2: 7.70 🥈
🎯TP3: 8.50 🥇
🎯TP4: 9.90 🚁
🎯TP5: 11.00 ✈️
🎯TP6: 12.00 🚀
🎯TP7: 14.00 🛰
🎯TP8: 17.00 🛸
🎯TP9: 20.00 🌙

⛔️ SL: 4.50 ⛔️ by closing D1 Below

17 déc. 2024

Note

Buy 1 : Completed ~$6.