$50 NEAR Price Top Expected From Top Analyst, When Will Near Protocol Break its Previous ATH This Bull Run?
- Bitcoin price dips again as it continues its long and slow sideways movement.
- In turn, altcoins dip steadily but continue to show bullish signs in their charts.
- NEAR is one such bullish altcoin and analyst reveals a possible $50 bull run ATH for NEAR.
With the price of Bitcoin (BTC) dipping to the $58,000 price range, the pioneer crypto asset continues its slow sideways movement. Many top crypto analysts expect this sideways movement to keep going and the focus to shift to altcoins and altseason.
The Crypto Fear and Greed Index dipped following Bitcoin’s dip to number 28 but remains on the ‘fear’ radar. Analysts are completely surprised by the cautious sentiment prevailing in the market as they believe the crypto bull cycle is set for a long-awaited super cycle bull run phase.
Altseason Expectations Remain Strong Despite Fear Sentiment
Despite the fear sentiment, analysts strongly advocate buying altcoins now at ‘discount’ prices to fully capitalize on the upcoming bull run phase of the crypto bull cycle. Moreover, many altcoins are gradually showing bullish signs that suggest significant parabolic pumps in the near future. In fact, most analysts predict that altcoins will establish new all-time highs (ATHs) in the coming months.
For example, Near Protocol (NEAR) is considered one of the altcoins that could make significant strides during the forthcoming bull run phase. Furthermore, the asset is already exhibiting signs of a bullish breakout. As per one analyst’s observations, NEAR is currently moving in a descending channel after breaking the dynamic support of the uptrend.
Can NEAR Set a New ATH of $50 This Bull Cycle?
According to CoinMarketCap analytics, NEAR is currently priced at $3.91, and its resistance levels are at the support levels of $4.3 and $4.9. The analyst believes that the price of NEAR has reached the bottom of the channel and may start to grow from this point. However, if the price continues to move below this specified level, it may decrease to $2.620.
$NEAR Macro chart
I’m expecting the last major leg down this year. $NEAR should drop below $1
I will be an aggressive buyer between $0.98-0.73 📍
(the lower the price, the more I buy)Key Resistance ~ $6.5. Consider it the 1st target, but I believe #NEAR will break its ATH in… pic.twitter.com/7MnIaqlX2v
— CryptoBullet (@CryptoBullet1) August 5, 2023
Meanwhile, another well-known crypto analyst CryptoBullet shares his long-term price expectations for NEAR. As evident from the post above, he accurately predicted a drop in NEAR’s price below $1 and identifies the major key resistance for the asset at $5.6. He further expresses his belief that NEAR will surpass its previous ATH and reach a new peak of $50 during this bull run in the crypto market.