NEAR and Jupiter Start Strong – Will the Bullish Momentum Last? Mid-Term Prediction Inside

NEAR and Jupiter are making impressive strides early on, drawing significant attention. As these digital assets gather steam, the key question looms: can this upward trend persist? This mid-term analysis delves into potential growth trajectories, offering insight into which coins might be poised for continued success. Explore the dynamics and forecasts shaping the future of these rising cryptocurrencies.

NEAR Protocol: Past Drops and Key Level Movements

NEAR experienced a modest decline over the past month with a drop of about 3.75%, while over the last six months it has fallen approximately 33.11%. The price fluctuated between roughly $1.95 and $2.86 during this period. These shifts reflect the coin’s recent struggles and indicate a significant correction over the half-year.

Currently, price fluctuates within the $1.95 to $2.86 range, with clear support at around $1.43 and resistance near $3.25. The market appears neutral with indications showing no strong upward or downward trend. Traders could consider buying near support levels and selling near resistance while keeping an eye on emerging signals that could prompt a break from the current range.

Jupiter Price Volatility Reflects Mixed Momentum

JUP strong month performance with an 8.34% rise contrasts a dramatic 50.64% drop over six months. Price action oscillated between $0.3441 and $0.552, while weekly changes remained nearly flat at 0.02%. Data shows volatile swings and sharp corrections that led to uncertainty, indicating underlying market hesitance and sporadic recovery.

Presently, price stabilizes in a range defined by resistance at $0.63 and support around $0.22, with a secondary resistance at $0.84 and lower support at $0.0111. Technical indicators like a neutral RSI of 54.45 signal a balanced battle between bulls and bears. Trading ideas focus on testing the $0.22 support for a rebound or watching $0.63 for a breakout potential.

Conclusion

NEAR and Jupiter have shown promising performance recently. Both have caught the attention of many investors. The question remains whether this positive trend can sustain itself. Factors like market sentiment and adoption rates will be crucial. Watching these coins closely for shifts is advisable. The mid-term prediction suggests potential continued strength, but monitoring daily changes is also important.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.