NEAR Protocol (NEAR) started off the week with some incredible gains. This surge was aided by the fact that the coin seems to have held steady. In fact, in intraday trading today, the coin was up nearly 16% at the time of writing. Analysts see the uptrend holding steady into early 2022. Should you invest in NEAR? Here are some facts:

• A bullish trend that started earlier in the week has culminated in superb intraday gains of nearly 16%

• NEAR has easily surged beyond its $11. 83 resistance and is now testing $17.5

• RSI readings look positive, with NEAR also trading well above the 25- and 50-day simple moving averages.

Data Source: Tradingview.com

NEAR Protocol (NEAR) – price action and prediction

It’s been a great week for the NEAR Protocol (NEAR). The coin began Monday with modest gains and seems to have maintained its uptrend until now. At press time, NEAR was selling at $15. 62, nearly 16% up in 24 hours.

Many analysts were watching to see if the coin would break the $11. 83 resistance. It did quite easily, and now, the intraday surge has NEAR tested the $17. 50 mark.

If the bullish trend seen this week continues, it is possible that the coin will exceed that threshold. A serious breakout could propel NEAR to new highs. But there are a few headwinds to note, including possible market-wide volatility in cryptos at the start of 2022.

Should you buy NEAR Protocol (NEAR)

To be fair, NEAR Protocol (NEAR Protocol) is one of the most sought-after blockchains by investors. NEAR’s fundamental value remains high and will continue to be valuable in the long-term. The bullish surge has given traders who are short-term traders an opportunity to buy NEAR and ride the uptrend as long as they can.