$NEAR just printed a violent 4H shakeout after running from around $1.60 to above $2.10.
The rejection from $2.10–$2.12 was sharp, but buyers stepped in aggressively after the dip and price has already recovered back near $1.96.
Now $1.98–$2.00 is the first level that matters.
If NEAR can reclaim and hold above $2.00, another test of $2.10–$2.12 comes back into play.
But if $1.86–$1.88 fails, I’d expect a deeper reset toward $1.80.
The bigger structure is still bullish—but after that volatility, confirmation above $2.00 matters more than chasing the bounce.
The rejection from $2.10–$2.12 was sharp, but buyers stepped in aggressively after the dip and price has already recovered back near $1.96.
Now $1.98–$2.00 is the first level that matters.
If NEAR can reclaim and hold above $2.00, another test of $2.10–$2.12 comes back into play.
But if $1.86–$1.88 fails, I’d expect a deeper reset toward $1.80.
The bigger structure is still bullish—but after that volatility, confirmation above $2.00 matters more than chasing the bounce.