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Let's analyse NEARUSDT fundamentally and technically.
FUNDAMENTAL ANALYSIS: NEAR is a layer-1 blockchain designed to overcome limitations of other blockchains like low speed and throughput. It offers a user-friendly platform with human-readable addresses and a unique consensus mechanism called Doomslug. NEAR aims to create a secure and efficient platform for DApps and NFTs.
TECHNICAL ANALYSIS: NEARUSDT has broken out of a wedge pattern, signaling a potential bullish trend. A weekly close above $7 could trigger a significant rally, potentially pushing the price towards $9. This could result in a 240% increase in price. Recommended to Accumulate here on spot or low leverage.
Key Level: Entry zone: Current Market Price to $ 7
Targets: A potential 240% gain from the entry point.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.