NEAR Protocol Prepares For Long-Term Reversal (Bullish Breakout)

NEAR Protocol (NEARUSDT) has been in a correction pattern since March 2024. It has been sideways within a wide range for an entire year.

The baseline, or long-term support, matches the 0.786 Fib. retracement level for the bullish wave that developed between late 2023 and early 2024. Current price action is happening above this level. Once resistance turned support.

The lowest price since January 2024 was hit just four days ago, 4-March. While this level was a more than a year long low, trading volume was very low. Even on the 2-Feb. drop bear volume was already dropping. Ever since the peak in March 2024, with each successive drop this pair produces, trading volume continues to drop. Revealing a weakening bearish trend.

A trend weakens when it is reaching its end.

But this isn't really a bearish trend but more like a long-term, wide consolidation pattern. It is classic pre bull-market action. There is a long-term lower high but the bottom is flat. When the next bullish wave develops, which is what will happen as the correction ends, the candles that we are seeing now will become almost invisible, same as if you were to look to the deep left side of the chart. Each time bull-market action develops, the preceding candles become really small. This is because bull-markets tend to produce growth that is out of proportion will all previous price action.

NEAR Protocol will hit new All-Time Highs. This is certain. It will be amazing and this amazingness is starting in a matter of days.

It will take months and months and months for the complete bullish cycle to reveal itself, but it will start within days. It tends to start low. Slowly but surely momentum grows, and as if it was never happening, the next moment we are here trading and exchanging, the entire market is experiencing growth.

We will be chatting and exchanging, having fun as our profits grow.

Thank you for reading.

Allow me to be your guide. It will be a tour that will not only change our lives but also the world.

Namaste.