Date: Mon, Sept 23, 2024, 06:01 AM GMT
As the new week unfolds, the cryptocurrency market is carrying forward the bullish momentum seen last week, especially among AI tokens. Cryptos like Bittensor (TAO), Near Protocol (NEAR), Artificial Superintelligence Alliance (FET), and Render (RENDER) have seen impressive gains, and there’s potential for more growth in the coming days.
NEAR Protocol Gearing Up for More Gains
NEAR Protocol (NEAR), one of the standout AI-related tokens, has surged over 20% in the last seven days and is continuing its upward trend, currently up by 5.36% today. This rally comes after a key breakout from a prolonged downtrend, surpassing the critical price level of $4.52.
As of today, NEAR is trading at $4.80, and many traders are eyeing its next resistance level at $5.03. If NEAR manages to break through this point, it could trigger a significant rally, much like what we’ve seen with other AI tokens like TAO, FET, and RENDER.
What’s Next for NEAR?
With AI tokens gaining traction and NEAR showing strong performance, the token is positioned for potential further gains if market conditions remain favorable. If NEAR can successfully break above its resistance, we could see a continued bullish run in the near future.
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