Haezen1
@t_Haezen1
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Haezen1
I was analyzing with the trend-based Fibonacci extension, looking for similar setups of significant price movements. In 2021, we can see that after that big dip, NEAR only reached the 1.0 level of the Fibonacci extension, which is a conservative or decent level. So, if we overlay the same retracement, we get a target of $40-$42. I think that's a decent return and definitely possible in the upcoming 90 days, which is usually how long the alt season lasts.However, the AI narrative is quite big right now, and NEAR is the leading AI cryptocurrency at the moment. This could potentially help it reach the 1.618 level, or the blue zone, which is $66. If we take the average of the conservative price and the blue zone price, we get $53.I would suggest taking profit at $35-$42 if you want to be conservative and $53-$66 if you're seeking more upside movement but are willing to take on more risk.MarketCap needed for both prices:40USD×1.22BNEAR=48.8BUSD53USD×1.22BNEAR=64.66B USDIt's definitely doable in the Bullrun we're gonna have, NEAR is a great project but remember to DYOR!
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