🚨 $NEAR Is Sitting at a Critical Support Zone Bounce or Another Drop? 👀

$NEAR is consolidating around $1.79 after a sharp bearish move, but the overall market structure remains weak. Price is trading below the 4H EMA 20 and the Daily EMA 50, confirming that sellers still have the upper hand.

📉 Technical Overview:

🔻 Trend: Bearish

🛡️ Key Support: $1.79 | $1.76

🚧 Key Resistance: $1.83 | $1.90 | $1.94

📊 Daily RSI: ~40, showing weak momentum but approaching oversold territory.

⚠️ Bullish Scenario: A strong 4H close above $1.83 could trigger a relief rally toward $1.90 and $1.94.

🐻 Bearish Scenario: If $1.79 fails to hold, NEAR could continue its decline toward the $1.76 support zone.

📌 Trading Plan:

✅ Wait for confirmation before opening new longs.

📉 Short opportunities become more attractive on a rejection from $1.83 or a confirmed breakdown below $1.79.

Overall Outlook: The trend remains bearish, and patience is key. Let the market confirm the next move instead of trying to catch the bottom.

What do you expect next for #Near — a bounce from support or another leg down? 👇$EUL

Trade Here 👇

#Near #bearish