NEAR surged by 42% in a week as Deutsche Telekom joined as validator, signaling bullish momentum. Here's what you should know...
Deutsche Telekom is now backing NEAR as a validator, enhancing blockchain infrastructure and user data sovereignty$5.10 at press time, following a decline of -3.92% in the last 24 hours. This price action was somewhat of an anomaly though, especially since on the weekly charts, NEAR appreciated by over 42% in just 7 days.
NEAR’s trading chart revealed a few critical levels for traders. At press time, the support was pegged at $2.74 – A historically strong buying zone. On the upside, the resistance was noted at $6.20 – A key level to breach for continued upward momentum.that breaking through this resistance could pave the way for a rally towards $15 to $20 within the next few months.On the technical front, NEAR’s daily chart highlighted widening Bollinger Bands – A sign of increasing market volatility.
on 11 November, the telecommunications giant will play a crucial role in supporting the blockchain’s infrastructure.
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