NEAR Protocol Elliott Wave Analysis Points to Resistance Levels

The NEAR Protocol has been showing impressive performance in the altcoin market, with its price consistently rising over the past short-term period.

According to an Elliott Wave analysis, the protocol's chart is exhibiting a strong upward trend, with potential resistance levels identified at $2.50, $2.65, and $2.86.

The analysis suggests that while the structure of the chart still allows for additional upside, there remains a risk of a wave 4 pullback, which could potentially begin at any point.

The Fibonacci Levels on the chart show stacked resistance at these key levels, with the 138% extension near $2.50 and the 161.8% extension near $2.86.