NEAR Protocol 2025 Price Prediction: Can It Reach New Heights?
- NEAR Protocols 2025 price could range between $27 and $91, offering potential gains of up to 9,200%, according to analysts.
- Fibonacci retracement and Elliott Wave analysis suggest token could follow patterns from past bullish market cycles.
- NEARs long-term success depends on market conditions and global economic factors, despite current bearish trends.
NEAR Protocol has received massive attention on social media platforms and the expected price of the token in 2025 is still being debated. In a recent YouTube video, Cheeky Crypto laid out a detailed analysis of how high NEAR could go in the next couple of years. Applying Fibonacci retracement and Elliott Wave theory, the analyst presented a possible path of NEARs development, providing comments on earlier trends.
The past may influence the future of NEAR. Fibonacci analysis is a popular system in the market which includes the use of the famous Fibonacci retracement and extension levels. Using past trends, the analyst said that coin may replicate the patterns seen in previous bull runs.
Elliott Wave Predicts NEARs Path
The prediction is not only based on the technical tools. Another model that looks at the behavior of buyers and sellers in the market is called the Elliott Wave theory was also used to determine the possible future direction of cryptocurrency.
Despite its complexity, this theory has been seen to give correct long term predictions when well applied. The analysis points out that NEAR is trading in a WXY structure which is a double zigzag pattern and hence a bullish setup even if the overall market is bearish.
According to the analysis, token may fluctuate between $27 and $91 by the end of 2025 with regard to market conditions. This is a significant improvement from the lows it has posted in October 2023.
NEARs Profit Potential
If token fails to get to the lower end of this range, it could bring in about 2,700% profit while the upper limit of $91 could yield a 9,200% profit. At the time of writing, NEAR is priced at $4.77, which is 2.24% lower than the price it traded at a day ago.
Source: TradingView
The analysis concluded that coin still has the potential to reach new all-time highs but will entirely depend on the markets and buyers response to the global economic situation. Nevertheless, the analysis provided a bit of hope for those who are planning to invest in cryptocurrency for the long term and expect great returns in the next few years.
Read more: https://www.tronweekly.com/near-protocol-2025-price-prediction-can-it/
Text source: TronWeekly
