Mastercard & Chainlink Join Forces — Explore More Game-Changing Utility Coins
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In the ever-evolving crypto space, strategic alliances like the one between Mastercard and Chainlink signal a growing focus on utility-driven blockchain applications. As major players embrace Web3 integrations and real-world asset connectivity, investor interest is shifting toward coins with strong use cases and real-world potential. In this spotlight, we examine three such contenders — NEAR Protocol, Hedera (HBAR), and Algorand (ALGO) — analyzing their current market positions, price potential, and what could make them the next big winners in the utility coin arena.
NEAR Protocol Struggles Amid Bearish Pressure, Eyeing Key Levels
Source: tradingview
NEAR Protocol has been experiencing a challenging time with current trading between $1.67 and $2.25. The recent price movement shows more bearish than bullish strength. Over the past month, its value has dropped by over twenty-three percent, and in six months, it has lost more than half of its value. The current key resistance level is at $2.61, and breaching it could push the price to around $3.20. However, dropping below the $1.44 support level might signal more struggle. Although there are potential upward movements, it would require about a thirty-three percent rise from the current highest range to hit the lower resistance level. The current indicators hint at a cautious outlook.
Hedera's HBAR: Stuck in Range, Eyeing a Bullish Breakout?
Source: tradingview
Hedera's HBAR is currently hovering in a range between $0.12 and $0.16. The bulls seem weak, not pushing the price past the $0.18 resistance. Bears also lack strength, with the coin staying above the $0.10 support. Although recent price changes show a decline over the past month, the relative strength index suggests the market isn't oversold. If HBAR manages to climb above $0.18, it might head toward the next level at $0.22, representing a potential gain of about a third from its current price. However, if it falls below $0.10, it could sink to the six-cent mark. With a mix of recent decline and potential for rebound, all eyes are on HBAR's next move.
Algorand Battles Stability with Potential Growth on Horizon
Source: tradingview
Algorand (ALGO) currently flutters between $0.15 and $0.18, showing an uncertain battle between bulls and bears. Recent price movements indicate mild gains as bulls struggle to push past the $0.20 mark, while support holds firm at $0.13. The currency faces notable volatility, with its monthly decline over 17%, yet slight gains of 7.61% this week hint at potential. If bulls gain momentum, the next target could be around $0.23, offering a potential rise of over 27%. Despite past struggles, short-term technicals like the RSI and MACD suggest room for growth. Investors watch closely, hoping bulls can gain strength.
Conclusion
While Mastercard and Chainlink’s partnership highlights the growing adoption of blockchain utility, NEAR, HBAR, and ALGO represent three networks battling market turbulence yet brimming with potential. Each coin faces resistance, volatility, and investor hesitation — but also shows signs of a possible turnaround. For those eyeing utility coins with long-term upside, these assets may be worth watching as the broader market narrative continues to shift toward real-world relevance and decentralized infrastructure.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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