NEAR Protocol (NEAR) is gaining significant bullish attention as it approaches a key breakout level. According to the crypto analyst Michaël van de Poppe, as of Tuesday, March 10, the token is trading around $1.30 and shows steady upward momentum, with analysts eyeing $1.40 as a crucial resistance point.
A clear move above this threshold could accelerate its climb toward $2, highlighting growing confidence in undervalued altcoins across the market.
Source: Michaël van de Poppe’s X Post
Altcoins are also considered to be undervalued despite their ongoing developments. The network’s scalability, high throughput, and growing developer community make it a promising candidate.
These coins may gain retail and institutional investors’ attention as their momentum increases, leading to their repricing in line with their technological advancements.
Also Read: NEAR Protocol Holds Support, Poised for $1.38 Short-Term Rally
According to TradingView, the RSI (14) is currently at 59.06, which is trending above its 55.47 signal line. This shows a build-up in bullish momentum as it makes its way up towards the 70 overbought level.
Since this RSI is making its way up from the midpoint, this shows that buyers are gaining enough momentum to support the token’s recent price recovery.
Source: TradingView
The MACD indicator also shows a bullish sign since its line is at 0.03108, which is above the 0.01420 signal line. The positive crossover of these lines, in addition to the green bars in the histogram, indicates that the token is in an upward trend.
Since the two lines are above the baseline, it is clear that the momentum in the market is positive for the token in the future.
Apart from this constructive price movement, NEAR Protocol launched its highly anticipated unified super app on near.com on Monday, March 9, where users can now manage their multichain finances with a single account.
It is now live and allows users to swap across 35+ blockchains, make confidential transactions, and trade peer-to-peer. It has simplified DeFi for users as they do not need to have multiple wallets, bridges, and logins.
Moving forward, the network is expected to incorporate AI-based financial aid, real-world assets, fiat on- and off-ramps, and yield-earning tools. The roadmap for the network positions it as a bridge between traditional finance and decentralized systems.
By providing cross-chain functionality and future innovations in terms of privacy, it is expected to draw in retail and institutional investors, redefining usability in Web3 finance.
Also Read: Near Protocol Tests $0.954–1.18 Support as Pressure Builds
