NEAR Protocol demonstrates significant growth signs due to a symmetrical triangle formation, rising open interest, and Bitcoin integration. Analysts forecast a potential price reaching $7.
NEAR Protocol Price Breakout
NEAR's chart shows a symmetrical triangle pattern, indicating a possible price rise to $7. A breakout higher can initiate a rally. Conversely, a move below $4.800 could test the $3.500 support level.
NEAR-Bitcoin Integration
NEAR Protocol is actively integrating Bitcoin, using various versions such as wBTC and kBTC, and enhancing smart contract capabilities. This enables more seamless interaction between Bitcoin and the NEAR ecosystem.
Open Interest Rising
Open interest in NEAR is steadily increasing, reflecting growing activity in derivative markets. This rise in open interest indicates heightened investor confidence and interest.
With rising TVL and interest in NEAR Protocol, alongside upcoming events, the platform shows solid potential to strengthen its presence in the crypto space.