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NEAR Approaches $16 Bull Target

Altcoin NEAR is on a weekly recovery phase, approaching a $16 price target after a significant drop and correction. The asset is currently trading at $5.13, down by over 11% in the last 24 hours and down by just 2% in the last 7 days. Analysts predict a breakout could open the path for NEAR to reach its $16 bull target, which was previously set 5 years ago at $20. The asset has shown local higher highs and higher lows, with the next support area around $4.30 – $4.90. If buyers defend support, the price could rise to $8.809, approximately 180% above the current price of $5.718, potentially reaching $16 if further confirmation is achieved.

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