Amid a bearish crypto market, NEAR Protocol (NEAR) has emerged as a notable exception, demonstrating remarkable resilience and defying the prevailing downtrend.
Its trajectory has been one of consistent upward momentum, a trend that began in mid-December and has since gained strength.
Unlike general market sentiment, which has been characterized by a downturn, NEAR has not only weathered the storm but has also risen impressively.
The crypto’s value has increased by 80% in the last seven days, attracting the attention of both market participants and enthusiasts.
This surge has effectively doubled NEAR‘s base value, which was $4.24 at the time. This indicates a strong and impressive performance in stark contrast to the current market conditions.
NEAR’s upward trend is not a fluke; it is supported by solid technical indicators. On December 21st, a decisive price breakout shattered a critical resistance level at $4.0, paving the way for sustained growth.
This breakout created enthusiasm for further price appreciation. Furthermore, an ascending trendline, currently at $3.7, serves as dependable support against potential downward movements.
NEAR’s exceptional resilience has attracted market attention and recognition. Crypto’s ability to thrive in adverse conditions has distinguished it as a notable exception, fostering investor confidence.