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Cryptocurrency News Articles
NEAR Protocol (NEAR) Price Surges: Bulls Eye $9 as iDEGEN Presale Surpasses $1 Million
Nov 29, 2024 at 05:46 pm
The AI cryptocurrency market has witnessed exciting developments recently, with NEAR Protocol (NEAR) and iDEGEN (IDGN) capturing the spotlight.
Recently, the AI cryptocurrency market has seen some exciting developments, with NEAR Protocol (NEAR) and iDEGEN (IDGN) making headlines.
While NEAR's price surge has fuelled bullish optimism, iDEGEN's unique approach to combining AI with blockchain technology, through its presale model, has garnered attention.
Here's a closer look at these two crypto highlights:
NEAR Protocol (NEAR) price surges: Bulls eye $9
NEAR Protocol (NEAR) has showcased remarkable upward momentum, breaking free from a prolonged downtrend and reigniting interest among traders and investors.
Earlier today, NEAR hit a high of $7.15 before pulling back to around $6.97 at press time, showing a 20.2% surge over the past week.
The current NEAR price rally follows a critical breakout from a descending channel in late October, a pattern that had suppressed NEAR's growth since May 2023.
This breakout waspivotal, pushing NEAR from below $5 to surpass key resistance levels at $5.50 and $6.00.
Now, as the $6.00–$6.50 zone acts as solid support, NEAR bulls are eyeing resistance at $7.50 and $8.00, aiming for the psychological $9 milestone if bullish momentum persists.
Despite a minor pullback to $6.97 following a peak near $7.15, NEAR maintains an uptrend, with higher highs and higher lows suggesting continued potential for growth.
Technical indicators also support this view, with the Relative Strength Index (RSI) at 58.47, indicating room for a renewed rally. Meanwhile, the MACD remains in bullish territory, reinforcing positive sentiment.
On-chain data aligns with this optimism. The NEAR futures open interest is on the rise, reflecting strong market participation, signalling that NEAR remains a focal point for traders.
iDEGEN presale surpasses $1 million as exchange listing approaches
While NEAR Protocol advances on the trading charts, iDEGEN is revolutionizing the crypto space through its AI-driven, community-powered approach.
Positioned as a "sentient, degenerate memelord," iDEGEN merges blockchain technology with dynamic AI learning, reflecting the chaotic yet vibrant spirit of the crypto community.
Unlike conventional AI systems operating within predefined parameters, iDEGEN evolves unpredictably, shaped entirely by user interactions on X (formerly Twitter).
iDEGEN makes hourly posts on X and every mention, comment, or tag feeds into its learning model, allowing it to adapt and grow based on real-time community engagement.
The project is currently in the presale phase of its native token, $IDGN, utilizing a
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