Why NEAR Protocol Might Just See $5: The Great Cryptocurrency Quest! 🚀

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Ah, behold the spectacle of NEAR price, galloping forth with a whimsical vigor, as if it were a spirited horse at the grand racetrack! A staggering 17% rally has gripped the poor thing, now peering into the misty abyss of a $5 target, all thanks to some delightful bullish pattern known only to the luckiest of traders. 🐴💸

Picture this: the illustrious NEAR Protocol (NEAR) has decided to grace us with a delightful 10% increase over the last 24 hours. Over the past week, it has flexed those financial muscles for a robust 17% gain, delightfully frolicking at the $3 mark after a rather gloomy descent to the depths of $1.80 back in the dark days of June 25. What a transformation! It’s as if a humble potato sprouted into a magnificent truffle. 🍟✨

That unfortunate $1.80 served as the dramatic denouement of a depressing downtrend that took shape around mid-May, and it was here that our heroic double bottom pattern began its daring tale. The first act unfolded in early April, the cheap seats brimming with spectators as the neckline—oh, what a glorious neckline!—established itself around $3.40, a fortress of resistance awaiting its conqueror.

With each passing moment, NEAR wades dangerously close to this towering bastion of resistance. It’s as if a rogue knight is supported by a battalion of bullish momentum! Throughout July, NEAR has gallantly remained above the esteemed 20-day EMA, its daily candlesticks stretching longer than the tales of old, hinting at the ever-growing buying pressure. 💪🔥

But wait! Before our brave champion dares to test the $3.40 neckline resistance, it must first hop over a minor obstacle at $3.20—a cheeky previous swing high that still lingers from the yonder dark days. If the intrepid price can topple the $3.40 wall, it may well confirm the double bottom plot and gallivant toward the $5.00 target like an exuberant child chasing butterflies! And woe unto the unfortunate souls below—key support now looms at $2.70, a former resistance level, lurking like a fierce dragon. 🐉💔

And as the tale unfolds, let us not overlook the burgeoning ecosystem of the Near Protocol! A delightful chorus of bullish developments rises from the depths of our heroes’ endeavors. The community now holds a validator vote, a noble quest indeed, to curtail NEAR’s annual inflation from 5% to a mere 2.5%. This magnificent maneuver aims to encourage the holding of tokens as if one were hoarding rare candies, while also diminishing that pesky sell pressure. 🍬⚖️

Should this grand proposal secure the faith of 66.67% of the populace, the core developers shall weave this new inflation magic into the next protocol upgrade—slated for a magical release no sooner than late Q3 2025. Ah, how the hearts of the NEAR enthusiasts will swell, as the new inflationary logic ushers forth a deflationary environment, nurturing sustained upward price pressure whilst demand flourishes! 🌱✨

Adding more sugar to our already sweet pot, let us celebrate the listing of Bitwise’s NEAR Staking ETP on Germany’s Xetra exchange! Now, global investors can bask in the riches of NEAR without the fuss of wallets or keys. Who said crypto wasn’t a merry ride? 🎢💰

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2025-07-18 12:16