Fantom & Near Protocol Soar As Bitcoin Display Strength, Will FTM & NEAR Price Maintain a Bullish Streak?

The post Fantom & Near Protocol Soar As Bitcoin Display Strength, Will FTM & NEAR Price Maintain a Bullish Streak? appeared first on Coinpedia Fintech News

Fantom (FTM) Price Analysis

Fantom price volatility has been rising since the beginning of the fourth quarter of 2024. While many tokens failed to maintain the trend, FTM was able to trade above the gained levels, demonstrating the bulls’ strong grip on the rally. With the recent rebound, the price has certified a triple-bottom above the support zone between $0.56 and $0.62, which resulted in a breakout above the local resistance at $0.75. Now it seems that the road to $1 has become pretty clear, which may be achieved anytime from now on.

The breakout appears even though the Gaussian channel continues to flash a bearish signal. However, the price has rebounded from the lower region and once it surpasses the average range and reaches the upper levels, a bullish reversal may be validated. On the other hand, the RSI remains inflated, substantiating the bullish claim. Therefore, the bulls are required to maintain strength for the next few days and close the weekly trade above $0.95, which could initiate a fresh bullish spell to the higher targets. 

Near Protocol (NEAR) Price Analysis

Similar to Fantom, Near Protocol price has also shown acute strength since the beginning of the year, with growing volume and an increase in volatility. As suggested in the previous composition, the price fluctuated within the ascending triangle, and after reaching the apex of the consolidation, initiated a breakout beyond the resistance zone. At this point, the NEAR price may face some correction, but the bullish continuation may prevail. 

The bulls have been defending the lower support ever since the price faced a rejection at $8.8 before the end of the first quarter. A notable growth in the volume has been recorded due to which the MACD continues to ascend within the bullish range, showing some rise in the buying pressure. Besides, the supertrend just turned bullish which indicates the possible opportunity for long positions as the price sits above the supertrend line. Therefore, after a minor correction to the resistance zone and a brief accumulation of strength, the ascending trend may continue and lift the price to the $10 milestone very soon.