Amidst the market recovery, altcoins are experiencing a bullish trend, including NEAR. The NEAR price is set for an upsurge supported by the recovering market conditions. Speculation indicates a significant rise in the Near token's value soon. Predictions hint at a potential break above $10, projecting an extended rally. A rising channel pattern visible in the daily chart suggests a continuation of the uptrend. Despite a recent pullback, the NEAR token appears ready for a new upcycle. An overnight increase of 4.27% has formed a bullish engulfing candle pattern, creating a morning star at a crucial support level. This development enhances the likelihood of a positive cycle aiming at the resistance trendline. Presently, the NEAR price stands at $7.584, showing a 2.18% intraday growth, maintaining its bullish momentum. The trading volume has also surged by 20%, supporting the potential for an upcycle. Technical indicators like RSI and MACD signal a positive cycle and a possible uptrend, respectively. The NEAR price is anticipated to exceed $10, staying above $7 and offering an entry point for traders. Fibonacci levels suggest a potential uptrend target of $12.39, while a breach below the support might lead to a drop to $6.125.