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The NEAR Protocol price surged 10% in the last 24 hours to trade at $7.26 as of 01:36 a.m. EST on trading volume that soared 11% to $804 million.
This comes as the NEAR Foundation partnered with LuloX, a pioneering Colombian fintech firm, and Peersyst to launch a stablecoin on NEAR.
The NEAR Foundation partners with LuloX, a pioneering Colombian fintech firm, and @Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.
Get the full run down:https://t.co/XhLdJSYxe9 pic.twitter.com/FVfmjVJgWv
— NEAR Protocol (@NEARProtocol) April 25, 2024
NEAR Protocol Price Set To Soar Over The Symmetrical Triangle
The NEAR Protocol price has been on a steady upward trend since November last year to January, before going through a retrace back to the support around $2.60. This support allowed the bulls to push the price up through a markup phase to the resistance around $8.9.
The bulls have not been able to reclaim the $8.8 support, with NEAR fluctuating within the boundaries of a symmetrical triangle.
NEAR has already breached the upper boundary of the triangle, indicating that the price is poised to still surge, an indication of the overall bullish potential.
Additionally, NEAR trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish momentum.
The Relative Strength Index (RSI) reading also shows that investors are continuously buying the asset, with the RSI soaring from the oversold levels to above the 50-midline level at 59, signaling intense buying pressure. If the bulls sustain the bullish trend, the RSI could soar to the 70-overbought region.
NEAR Protocol Price Prediction
The NEAR Protocol price analysis on the 1-day chart indicates that NEAR is on a bullish trend, as it aims for $9.5. The positive movement by the RSI and the golden cross formed at $1.38 acts as encouragement for the bulls to drive the price further up.
However, if the bears exert pressure on this level, the price may go down to support around $5.49.
As the NEAR Protocol price surges, investors are also buying the newly launched ICO WienerAI.
A fun, playful meme coin, WienerAI claims to also be a ”groundbreaking AI token that merges the worlds of artificial intelligence, canine loyalty, and the obvious appeal of sausages into a singular global movement.”
New AI Meme Coin WienerAI Raises Over $370K In Crypto Presale
WienerAI straddles two of the hottest niches in crypto: meme coins and AI tokens. Both have performed remarkably well this year, so it’s little surprise that WienerAI (WAI) is quickly becoming a viral phenomenon with $370K raised already.
WienerAI IS CLEARED FOR LIFTOFF!
Get Presale Here: https://t.co/g0LrikQz90 pic.twitter.com/fy7xF5DtKP
— WienerAI (@WienerDogAI) April 22, 2024
The project aims to emulate and surpass the success of other top dog-themed meme coins like Dogecoin.
Hold onto your hotdog-shaped hats. 🌭🎩
We just SMASHED through $350K
Obligatory rocket emojis incoming…..🚀🚀 pic.twitter.com/TrkwWmT62t
— WienerAI (@WienerDogAI) April 26, 2024
The $WAI token is an ERC20 token on the Ethereum blockchain. With 20% of the 69 billion token supply set for staking rewards, you can easily earn passively on the platform by staking $WAI for an enormous 1,879% annual percentage yield (APY).
STAKE NOW and fill your wallet with beautiful Wieners!!!
Current staking apy is over 2000%!
Buy and stake here: https://t.co/FCpYSr1k8g
🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭🌭 pic.twitter.com/FSIVZ3tXUr
— WienerAI (@WienerDogAI) April 21, 2024
According to ClayBro, a prominent crypto analyst on YouTube, WienerAI is a project that has the potential to soar 10X after launch.
To participate in the presale, you can purchase $WAI tokens on the official website here for $0.0007 each.
Act soon if you are interested before a price hike strikes in less than 19 hours. You can use ETH, USDT, or your bank card to make the purchase.
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