The NEAR Protocol price experienced a surge of 10% within the past 24 hours, reaching $7.26 as of 01:36 a.m. EST. This upswing was accompanied by an 11% increase in trading volume, amounting to $804 million.
This surge coincides with the NEAR Foundation's collaboration with LuloX, a leading Colombian fintech company, and Peersyst to introduce a stablecoin on the NEAR blockchain.
The NEAR Foundation partners with LuloX, a pioneering Colombian fintech firm, and @Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.
Get the full run down:https://t.co/XhLdJSYxe9 pic.twitter.com/FVfmjVJgWv
— NEAR Protocol (@NEARProtocol) April 25, 2024
NEAR Protocol Price Poised for Further Surge Beyond Symmetrical Triangle
NEARUSD Chart Analysis Source:Tradingview.com
The NEAR Protocol price has exhibited a consistent upward trend since November of last year, reaching its peak in January before undergoing a retracement to the support level of $2.60. This support enabled the bulls to propel the price upward through a markup phase, reaching resistance at $8.9.
The bulls have faced challenges in reclaiming the $8.8 support, resulting in NEAR fluctuating within the confines of a symmetrical triangle.
However, NEAR has recently breached the upper boundary of the triangle, indicating the potential for a sustained price surge, reinforcing the overall bullish sentiment.
Furthermore, NEAR trades above both the 50-day and 200-day Simple Moving Averages (SMAs), providing confirmation of the bullish momentum.
The Relative Strength Index (RSI) reading also suggests ongoing buying activity among investors, with the RSI rising from oversold levels to above the 50-midline at 59, indicating significant buying pressure. If the bulls maintain their bullish stance, the RSI could potentially reach the 70-overbought zone.
NEAR Protocol Price Prediction
The NEAR Protocol price analysis on the 1-day chart reveals a bullish trend, with NEAR targeting $9.5. The positive movement of the RSI and the formation of a golden cross at $1.38 provide encouragement for the bulls to drive the price higher.
However, if the bears exert pressure at this level, the price may decline to the support level of $5.49.
Amidst the NEAR Protocol price surge, investors are also expressing interest in the newly launched ICO, WienerAI.
A playful meme coin, WienerAI presents itself as a "groundbreaking AI token that harmonizes the realms of artificial intelligence, canine loyalty, and the irresistible charm of sausages into a singular global movement."
New AI Meme Coin WienerAI Secures Over $370K in Crypto Presale
WienerAI straddles two popular niches in the crypto market: meme coins and AI tokens. Both have demonstrated notable performance this year, contributing to the rapid growth of WienerAI (WAI) as a viral phenomenon, with $370K already raised in its presale.
WienerAI IS CLEARED FOR LIFTOFF!
Get Presale Here: https://t.co/g0LrikQz90 pic.twitter.com/fy7xF5DtKP
— WienerAI (@WienerDogAI) April 22, 2024
The project aspires to emulate and surpass the success of other canine-themed meme coins, such as Dogecoin.
Hold onto your hotdog-shaped hats. 🌭🎩
We just SMASHED through $350K
Obligatory rocket emojis incoming…..🚀🚀 pic.twitter.com/TrkwWmT62t
— WienerAI (@WienerDogAI) April 26, 2024
The $WAI token is an ERC20 token built on the Ethereum blockchain. With 20% of the 69 billion token supply allocated for staking rewards, the platform offers passive income opportunities through $WAI staking, yielding an impressive 1,879% annual percentage yield (APY).
STAKE NOW and fill your wallet with beautiful Wieners!!!
Current staking apy is over 2000%!
Buy and stake here: https://t.co/FCpYSr1k8g
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/FSIVZ3tXUr
— WienerAI (@WienerDogAI) April 21, 2024
According to ClayBro, a renowned crypto analyst on YouTube, WienerAI possesses the potential for a 10X increase post-launch.
To participate in the presale, $WAI tokens can be purchased on the official website for $0.0007 each. Prompt action is advised, as a price hike is anticipated within the next 19 hours. Purchases can be made using ETH, USDT, or credit cards.
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