Traders are sleeping on the fact that $NEAR is currently trading at a critical juncture, smack in the middle of its 24-hour range. This consolidation phase has been marked by a notable decrease in volume, with traders seemingly waiting for a catalyst to spark the next move. The fact that $NEAR has managed to hold its ground within this range, despite the lack of conviction from buyers or sellers, is a testament to the underlying strength of the asset.
As we move forward, it's essential to keep a close eye on the upper and lower bounds of this range, as a breakout or breakdown could be imminent. The current lack of volatility is unlikely to persist, and when the dam finally breaks, traders who are caught off-guard may be left scrambling to react. What are you watching on $NEAR right now?
$NEAR — on my screen today.
#near
#cryptotrading
#marketanalysis
As we move forward, it's essential to keep a close eye on the upper and lower bounds of this range, as a breakout or breakdown could be imminent. The current lack of volatility is unlikely to persist, and when the dam finally breaks, traders who are caught off-guard may be left scrambling to react. What are you watching on $NEAR right now?
$NEAR — on my screen today.
#near
#cryptotrading
#marketanalysis