$50 NEAR Price Top Expected From Top Analyst, When Will Near Protocol Break its Previous ATH This Bull Run?

• Bitcoin price dips again as it continues its long and slow sideways movement.
• In turn, altcoins dip steadily but continue to show bullish signs in their charts.
• NEAR is one such bullish altcoin and analyst reveals a possible $50 bull run ATH for NEAR.

With the price of Bitcoin (BTC) dipping to the $58,000 price range, the pioneer crypto asset continues its slow sideways movement. Many top crypto analysts expect this sideways movement to keep going and the focus to shift to altcoins and altseason.

The Crypto Fear and Greed Index dipped following Bitcoin’s dip to number 28 but remains on the ‘fear’ radar. Analysts are beside themselves wondering how traders and investors can be in a fear sentiment as the crypto bull cycle prepares to head into its long-awaited super cycle bull run phase.

Altseason Expectations Remain Strong Despite Fear Sentiment

Amidst the fear market, analysts strongly advocate buying now at ‘discount’ prices to fully make the best of the coming bull run phase of the crypto bull cycle. What’s more, many altcoins are slowly showing bullish signs that suggest major parabolic pumps in the near future. In fact, many analysts expect altcoins to set new ATHs in the coming months.

For instance, Near Protocol (NEAR) is one of the altcoins that could make major strides in the coming bull run phase. More so, the asset is already showing signs of a bullish outbreak. According to one analyst’s observations, NEAR is presently moving in a descending channel after breaking the dynamic support of the uptrend.

Can NEAR Set a New ATH of $50 This Bull Cycle?

According to CoinMarketCap analytics, the price of NEAR stands at $3.91 and the resistance it faces is at the support level of $4.3 and $4.9. The analyst believes the price of NEAR has reached the bottom of the channel and may start to grow from this area. However, if the price continues to move under the specified level, it may decrease to $2.620.

$NEAR Macro chart

I’m expecting the last major leg down this year. $NEAR should drop below $1

I will be an aggressive buyer between $0.98-0.73 📍
(the lower the price, the more I buy)

Key Resistance ~ $6.5. Consider it the 1st target, but I believe #NEAR will break its ATH in… pic.twitter.com/7MnIaqlX2v

— CryptoBullet (@CryptoBullet1) August 5, 2023

Meanwhile, another popular crypto analyst CryptoBullet shares his long-term price expectations for NEAR price. As we can see from the post above, he predicted when NEAR would drop below $1 and expects the biggest key resistance for the asset to be at $5.6. He then goes on to state his belief that NEAR will break its previous ATH and set a new top at $50 this crypto bull run.

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