$NEAR is shaping a potential multi-year W pattern on the weekly chart.
Price formed a possible double bottom around $1, and the right side is now recovering.
The first major hurdle is $7.47. A break above it would put the $9 neckline in focus.
If NEAR breaks $9 and successfully retests it, the next areas to watch are $10–$11, followed by $17–$20 over the longer term.
Still, the pattern isn’t confirmed yet. Losing the $1 base would invalidate the setup.
#QNTRises39%
Price formed a possible double bottom around $1, and the right side is now recovering.
The first major hurdle is $7.47. A break above it would put the $9 neckline in focus.
If NEAR breaks $9 and successfully retests it, the next areas to watch are $10–$11, followed by $17–$20 over the longer term.
Still, the pattern isn’t confirmed yet. Losing the $1 base would invalidate the setup.
#QNTRises39%
