$NEAR at $2–$3? A scenario worth monitoring if BTC’s weakness continues, but the chart still has several support levels to test first.
NEAR trades around $4.71 on this 4-hour chart, down 7.71%, with lower highs and lower lows following rejection near $6.02. Price sits below the 7, 20 and 40 EMAs. RSI near 38 confirms weak momentum without confirming a bottom.
The broader backdrop adds pressure. Bitcoin fell below $82,000 after stronger-than-expected core inflation renewed concerns over interest rates. (theblock.co)
I’m watching $4.58–$4.60 first, followed by the previous $4.30 low. A sustained break below $4.30 would increase downside risk toward the psychological $4 level. Further weakness in both NEAR and BTC would strengthen the case for $3. A drop to $2 represents a deeper bearish scenario, unsupported as a direct target by this chart alone.
From $4.71, reaching $3 means another 36% decline. Reaching $2 means roughly 58%. Those are substantial moves, so I wouldn’t treat either price as guaranteed.
For recovery, NEAR needs to reclaim $4.84, then hold above $5.03–$5.10. A successful retest would weaken the immediate bearish outlook.
My approach: stay patient and monitor how price responds at support. If $2–$3 arrives, I’d look for stabilization and a higher low before considering an entry. A lower price alone doesn’t confirm a good buying opportunity.
#nearprotocol
NEAR trades around $4.71 on this 4-hour chart, down 7.71%, with lower highs and lower lows following rejection near $6.02. Price sits below the 7, 20 and 40 EMAs. RSI near 38 confirms weak momentum without confirming a bottom.
The broader backdrop adds pressure. Bitcoin fell below $82,000 after stronger-than-expected core inflation renewed concerns over interest rates. (theblock.co)
I’m watching $4.58–$4.60 first, followed by the previous $4.30 low. A sustained break below $4.30 would increase downside risk toward the psychological $4 level. Further weakness in both NEAR and BTC would strengthen the case for $3. A drop to $2 represents a deeper bearish scenario, unsupported as a direct target by this chart alone.
From $4.71, reaching $3 means another 36% decline. Reaching $2 means roughly 58%. Those are substantial moves, so I wouldn’t treat either price as guaranteed.
For recovery, NEAR needs to reclaim $4.84, then hold above $5.03–$5.10. A successful retest would weaken the immediate bearish outlook.
My approach: stay patient and monitor how price responds at support. If $2–$3 arrives, I’d look for stabilization and a higher low before considering an entry. A lower price alone doesn’t confirm a good buying opportunity.
#nearprotocol