NEAR is showing signs of a strong rally as it has rebounded from the $4 mark and is now above $6. Analysts believe it has the potential to reach the $8 mark soon. The volume of buying activity has increased, indicating a bullish outlook. On-chain data, such as the weighted sentiment and development activity, also points towards positive growth for NEAR. The total value locked (TVL) has increased, suggesting confidence from market participants in the token’s long-term gains. The battle between bulls and bears is ongoing, with neither side gaining dominance, as shown by the liquidations data. The immediate support levels for NEAR are $6.00 and $5.80, while the key upside hurdle is at $7.20, followed by $7.40. Overall, NEAR has the potential to continue its upward trajectory and reach the $8 mark in the near future.
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NEAR Seems Primed For A Rally: Will It Reach $8 Mark This Month?
