Jacob Bury
NEAR Protocol (NEAR) crypto has seen over a 14% pump to the upside in the last 48 hours, perhaps another potential sleeping crypto giant? According to Coinmarketcap NEAR Protocol is ranked 25 amongst other cryptocurrencies and could still have huge upside potential by the next crypto bull run.
At the time of writing this article NEAR Protocol (NEAR) crypto is trading at $4.10 and is up against bitcoin by 5.65% and ethereum by 2.85%. NEAR Protocol has just lost its support level of a bearish rising wedge pattern which could be the inception of a new down trend.
Will NEAR Protocol continue to pump and which other cryptos have more potential for the remainder of 2022?
NEAR Protocol Crypto Price Prediction 2022
NEAR Protocol crypto has demonstrated bullish momentum over the last few days printing multiple green candles on the price charts. Just today however, we have lost the support of a rising wedge pattern and are now seeing a slight retracement on the price action.
On the macro-scale the current prices we are seeing are in some ways nostalgic of the summer lows of 2021 where we also saw NEAR Protocol come down to below $4 before blasting off to price levels beyond $20.
We can see that NEAR Protocol crypto is trading within an ascending channel similar to that period and has been trading in an accumulation range for the last 84 days.
I speculate that the current sideways price action is a byproduct of the extreme fear in the market but potentially offers a strong entry for long-term investors who are waiting for the next crypto bull market.
Near/Usdt – 4 Hour Time Frame.
So far it looks like we have a healthy correction losing the price structure of the above rising wedge trading pattern. NEAR Protocol has retraced to the 0.382 Fibonacci support range printing a swing low to $3.98. Since then NEAR Protocol has rallied back up to $4.04.
Despite the recent rejection on the 14th of August 2022 at $6.13, NEAR Protocol crypto is still up a significant 40.18% from the low of $2.88 on the 18th June where bitcoin had crossed through the 200-week moving average.
NEAR Protocol crypto must now respect and hold the $3.97 support range in order to prevent further negative price momentum down to the following support level of $3.70 and $3.56. Should the market flip extremely bearish the absolute lowest I see NEAR Protocol going is $3.42 at the support trendline of the ascending channel.
Ideally, the bullish scenario is retesting the $4.44 resistance level where we may have a chance at printing another swing high towards the ascending channel resistance trendline of roughly $6.21.
Near/Usdt – Daily Time Frame.
If NEAR Protocol is able to rally to the next resistance target traders can potentially look for a 10.32% increase in price from current levels. Of course, this very much depends on the trajectory of bitcoin and the sentiment of the crypto markets.
The following technical target would bring us up to critical resistances of $6.21 which could offer traders a potential 39.33% increase in price – these numbers seem crazy and unrealistic, but as we can see from the chart this has already happened before.
NEAR Protocol must retest the 20-day moving average and deny rejection in order to see continuation to the upside.
NEAR Protocol Video Analysis
NEAR Protocol (NEAR) crypto is an exciting network and I think it has strong potential in terms of growth over the next few years, though I personally think for 2022 we are seeing a healthy consolidation phase which is ideal for reaccumulation and stacking your bags with more crypto.
The Next Crypto with More Potential?
If you are looking to maximize the remainder of 2022, then I think NEAR Protocol might be limited in terms of its remaining upside potential before we enter 2023.
There is a new fantastic meme coin known as Tamadoge currently in presale which could have massive upside potential for the remainder of 2022. Tamadoge screams lucrative investment opportunity as it is a deflationary, tax-free, utility based play-to-earn meme coin with augmented reality integrations in the pipeline for 2023. Players can also mint their own Doges and climb the leaderboards by battling other players by exploring the immersive Tamaverse.
One of my favourite aspects of Tamadoge is that the supply is also only 2 billion in contrast to many other meme coins which have ridiculously high circulating supplies. I speculate that we could even see a $1 Tamadoge (TAMA) by the next crypto bull run and also see Tamadoge sail its way into being one of the next top 10 meme coins.
At the time of writing this article Tamadoge (TAMA) has currently raised a tremendous $9,418,466 in just over 4 weeks. Only 59,179,265 TAMA tokens remain until the price of Tamadoge increases once again during its presale.
Tamadoge is an erc-20 token which will firstly be deployed on the Uniswap decentralized exchange for holders to buy and sell.
Following this, Tamadoge (TAMA) is scheduled to list on the Lbank centralized cryptocurrency exchange, rumours have it that there are even more centralized exchanges in the pipeline for Tamadoge throughout the remainder of 2023 (extremely bullish).
Buyers can head over to buy.tamadoge.io and purchase their TAMA by connecting a MetaMask or TrustWallet to the Tamadoge website on the Ethereum mainnet. Once this is done, all you need to do is convert Ethereum, USDT or Fiat Currencies into Tama which will be available for claiming at the end of the presale.
Tamadoge also has security in the forefront of their minds as it has a verified audit by Solid Proof and is KYC’d by Coinsniper which ensures that you as a potential holder can feel safe during the presale journey.
To discover more about the enticing Tamadoge ecosystem, whitepapers and roadmap click here.
Related
- How to Buy Tamadoge – Beginner’s Guide
- Best Meme Coins to Buy Right Now
- How to Earn Interest on NEAR
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
This article was written for Business 2 Community by Jacob Bury.
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