$NEAR is currently trading inside a descending triangle pattern and remains weak below the key descending trendline resistance. Price is sitting near $1.64 with 24h high of $1.683, right at the apex of the triangle.
A downside breakout below triangle support around $1.50 could lead to a retest of $1.20–$1.30 zone, while an upside breakout above the descending trendline + $1.70 resistance could trigger a bullish recovery toward $2.00 and then $2.50.
For now, we are not anticipating any direction. Until NEAR breaks out of the triangle with strong volume, staying patient and avoiding unnecessary trades makes more sense.
A downside breakout below triangle support around $1.50 could lead to a retest of $1.20–$1.30 zone, while an upside breakout above the descending trendline + $1.70 resistance could trigger a bullish recovery toward $2.00 and then $2.50.
For now, we are not anticipating any direction. Until NEAR breaks out of the triangle with strong volume, staying patient and avoiding unnecessary trades makes more sense.