NEAR Is One The Most Promising Crypto In This Cycle

Nov 29

Hello, Skyrexians!

Today we have the coin with the one of the best dynamic on this bull run. We are talking about NEARUSDT . Previous bull run looks not so impulsive that on other coins, but it is because the lowest point in covid crash has not been printed here, listing was later. Anyway, bear market in 2022 was severe for this asset, it retraced much lower, than 0.61 Fibonacci, but growth in the beginning of 2024 make this coin really promising!

Let's take a look at the weekly time frame. Let's count previous bull run as the global wave 1, in this case, bear market wave 2 has the ABC zigzag structure has been finished in October 2023. From there we saw the impulsive wave 1 inside the new cycle, the global wave 3. There were doubts that Near is a trending asset, but currently there is a high probability, that we will see new ATH in 2025.

Another one strong sign of great potential is the green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] inside the local 0.61 Fibonacci retracement. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView.

Currently NEAR is inside the most impulsive part of cycle. This is wave 3, which has the target between 1.61 and 2.61 Fibonacci extension at $35 and $55.

Best regards,
Skyrexio Team

___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!