bullish

when

Daily

Coin

<ul class="wp-block-list news-points">
 <li>NEAR has recovered from the recent pullback that saw it drop to $3.409.</li>
 <li>The altcoin recovered by surging 65% in the past three weeks.</li>
 <li>Sharding implementation triggered increased NEAR adoption, leading to surging prices.</li>
</ul>
NEAR, the native token of the Near Protocol, rebounded from a recent pullback that sent it to $3.409 on September 6. NEAR recovered in about three weeks, shifting the cryptocurrency’s price trend into a classic bullish mode due to increased adoption.
TradingView data shows that NEAR jumped <a href="https://www.tradingview.com/x/L0B4gGmp/" target="_blank" rel="noopener noreferrer nofollow">nearly 65%</a> in the past three weeks, breaking above key resistance levels. The blockchain token has recovered from the losses it experienced between August 24 and September 6, when the price faced strong bearish pressure.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="262" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724.png" alt="" class="wp-image-505539" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-300x154.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-380x194.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-159x81.png 159w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-440x225.png 440w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-414x212.png 414w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-322x165.png 322w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-377x193.png 377w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-123x63.png 123w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-26T161830.724-129x66.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 NEARUSD Daily Chart on <a href="https://www.tradingview.com/x/L0B4gGmp/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
 </figure>
</div>
Technical analysis of the NEARUSD daily chart shows a bullish breakout from a W-Pattern, signaling the start of another phase in the bullish trend. NEAR climbed above the August 24 $5.26 top, which aligns with 0.618 Fibonacci resistance. The altcoin retraced to retest the resistance-turned-support before bouncing upward.
NEAR’s new path could lead to further upward movement, with analysts expect…
The post <a href="https://coinedition.com/near-price-surges-65-as-sharding-drives-adoption/" rel="noopener noreferrer nofollow">NEAR Price Surges 65% as Sharding Drives Adoption</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

NEAR Price Surges 65% as Sharding Drives Adoption

Coin Edition

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