Near Protocol (NEAR) Soars 10% Amidst Bullish Sentiment

The price of Near Protocol (NEAR) has recovered from a 10% drop and is currently trading with a bullish bias. However, there is a possibility that bears may offload NEAR tokens, which could curtail the rebound. NEAR investors have shown massive support for the altcoin, with many adding it to their wallets and bolstering the ongoing rally. While the NEAR network's daily transactions have established a new all-time high and the ecosystem shows potential, a death cross in the Exponential Moving Average (EMA) lines is a cause for alarm and could signal a potential sentiment shift and phase of price consolidation.