As the Bitcoin price maintains its value above the $60,000 mark, the crypto market has shown a stable price movement for the first time in the past few days. This indicates an increasingly optimistic sentiment in the crypto space.

Moreover, altcoins continue to see significant uptrends, with many tokens recording double-digit increases on a daily basis. Given the current price sentiment, is this the last chance to hoard more altcoins for the upcoming bull run?

In this article, we covered the price action and possible short-term price targets of the crypto tokens Bittensor (TAO) and Near Protocol (NEAR) for the coming week.

Near Protocol price shows increased bullish activity

Amidst increased buying pressure, Near Protocol price has increased its portfolio by 6.57% in the past day with a trading volume of $224.68 million. Moreover, it has increased by 14.86% in the past week to secure the 20th spot with a market capitalization of $5.130 billion.

The Moving Average Convergence Divergence (MACD) has shown a consistent increase in the green histogram on the 1D time frame. This highlights an increase in bullish sentiment for the NEAR price in the market.

If the bulls break the resistance level at $4.925, the Near Protocol price is preparing to test its overhead resistance level at $6.225. On the other hand, if the bears regain momentum, this altcoin will drop to its low of $3.70 in the near future.

Bitter price breaks its key resistance level

Despite the increased market volatility, the Bittensor price has continued to show bullish momentum, gaining about 10% in the past day and over 25% in the past seven days. Notably, it has rewarded its long-term investors with a YTD return of 27.12%.

The Relative Strength Index (RSI) has successfully crossed the midpoint and shown a strong increase towards the overbought zone. Moreover, the cross EMA 50/200-days is about to record a golden cross on the 1D time frame. This indicates a positive forecast for the Bitterensor cryptocurrency in the coming period.

If the price stays above its support level of $326, it will set the stage for the TAO price to rise towards its resistance level of $437.5 in the coming weeks. Conversely, a bearish move could see it retest its crucial support level of $212.