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NEAR Protocol Tanks to $2.23—Analysts Predict $8 High by 2026
- NEAR Protocol (NEAR) is currently trading at $2.23, reflecting a 10.69% drop in 24 hours, despite robust wallet activity.
- Analysts predict a wide price range for NEAR, forecasting values between $1.80 and $8.00 by June.
- Critical support for NEAR is identified at $2.4398, emphasizing the importance of user growth amidst price stagnation.
- Trading volume for NEAR has surged by 61.53% to $255.36 million, with the token showing a weekly loss of 3.90%.
- An analyst suggests that NEAR may be oversold at its current level, highlighting $2.4398 as a crucial support level for potential trend shifts.
- Price projections vary, ranging from bearish estimates of $2.50 to bullish expectations targeting $8.00.
- Despite price declines, the number of active wallets on the NEAR network continues to increase steadily.
- The growth in active wallets signifies strong real-world usage, particularly with the rise of AI-based decentralized applications.
- Estimates from DigitalCoinPrice hint at potential growth for NEAR, reaching $4.91 by late 2025, while Changelly provides a more conservative estimate of $2.67-$2.69.
- Sustained adoption within the NEAR ecosystem could play a pivotal role in price recovery, especially amidst market slowdowns.
- Price predictions depend greatly on NEAR's ability to surpass its late 2021 price range of $2.50 to $5.00.
- Market sentiment towards NEAR might improve with increased network expansion and ecosystem development.
- The divergence between NEAR's price decline and rising active wallets suggests positive prospects for long-term growth.
- NEAR's recent price history includes a spike to nearly $20 in January 2022, followed by a corrective phase stabilizing around $2.45 by mid-2025.
- The current price positioning below a key support level implies the potential for further short-term selling before any substantial recovery.
- Overall, NEAR's outlook remains uncertain, with the token facing both bearish and bullish price forecasts.
- The growth of active wallets demonstrates resilience and potential amidst market fluctuations, highlighting ongoing adoption within the NEAR ecosystem.
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