NEAR Protocol is currently testing a bullish inverse head-and-shoulders pattern with pivotal resistance at 2.14 USD. A confirmed breakout could target 2.43 USD, significantly increasing overall market momentum.
The market capitalization has climbed by 4.47% to reach 2.55 billion USD, indicating cautious investor sentiment. This is accompanied by rising social engagement among retail traders.
Short liquidations amounting to 31.42 thousand USD reflect a shift in market dynamics, indicating trader misjudgment. This presents a hidden opportunity for upward price movement as bear positions are squeezed.
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