NEAR is approaching its annual maximum. This cryptocurrency asset, Near Protocol, which is a highly scalable, open-source, high-bandwidth smart contract platform designed to create decentralized applications, is rising on the charts. The NEAR token is the internal currency of the project.

The analysis of the weekly time interval shows a steady increase in the price since overcoming the long-term resistance line in October. This uptrend happened quickly, and only one bearish weekly candle stands out on the chart. In addition, the cryptocurrency has managed to overcome an important horizontal resistance zone.

The Relative Strength Index (RSI) is currently rising and is above the 50 level, and has also formed a bullish divergence before the breakout. This positive signal often foreshadows a trend reversal towards growth.

Analysis of the daily chart also confirms bullish signals. After the initial rebound, NEAR the Fibonacci level of 0.618 broke on December 4, which indicates that the upward movement is not a correction.

The RSI indicator on the daily chart also showed bullish dynamics, rising above 50 and breaking the bearish divergence trend line.

However, it is important to note that a decrease in the price below the Fibonacci level of 0.618, which is $2.13, may indicate the completion of the upward movement and lead to a correction of 25% to the level of $1.80.