$NEAR Price Potential? Price Predictions That Will Surprise YouI was analyzing with the trend-based Fibonacci extension, looking for similar setups of significant price movements. In 2021, we can see that after that big dip, CRYPTOCAP:NEAR only reached the 1.0 level of the Fibonacci extension, which is a conservative or decent level. So, if we overlay the same retracement, we get a target of $40-$42. I think that's a decent return and definitely possible in the upcoming 90 days, which is usually how long the alt season lasts.
However , the AI narrative is quite big right now, and CRYPTOCAP:NEAR is the leading AI cryptocurrency at the moment. This could potentially help it reach the 1.618 level, or the blue zone, which is $66. If we take the average of the conservative price and the blue zone price, we get $53.
I would suggest taking profit at $35-$42 if you want to be conservative and $53-$66 if you're seeking more upside movement but are willing to take on more risk.
MarketCap needed for both prices:
40USD×1.22B CRYPTOCAP:NEAR =48.8BUSD
53USD×1.22B CRYPTOCAP:NEAR =64.66B USD
It's definitely doable in the Bullrun we're gonna have, CRYPTOCAP:NEAR is a great project but remember to DYOR !
