Near Protocol (NEAR) has increased by 25% so far on Dec 23 and is approaching its all-time high price of $17.50.
On Dec 15, NEAR reached a new all-time high price of $17.50. However, it dropped sharply the same day, creating a long upper wick of 43.5%.
Despite the drop, the token regained its footing shortly afterwards and initiated another upward movement on Dec 21. Two days later, it broke out from a descending resistance line, which had been in place since the previous all-time high. This confirmed that the correction had ended.
Technical indicators are also bullish.
The MACD, which is created by a short and a long-term moving average (MA), has moved into positive territory for the first time in Dec. This means that the short-term MA is faster than the long-term one, and further confirms that the trend is bullish.
In addition to this, the RSI has moved above 50, another sign of a bullish trend.
