$NEAR Short-term outlook
I think NEAR is bottoming out around the 1.619 support; 1h is +0.25%, 4h is +0.43%. The pace is inching higher, so the bias is bullish.
Last at 1.628, it’s squeezed between support 1.619 and resistance 1.634, compressing the whole range to less than 1%.
Trigger: If the 1h close holds above 1.634, the bulls confirm the breakout.
Target: Extend upward; watch for structural resistance overhead.
Invalidation: A 4h close falling below 1.619 means the structure is effectively dead.
With thin weekend liquidity, at this level it either rockets up directly, or gets pressed back and slowly killed.
Do you think NEAR can break above 1.634 this time?
I think NEAR is bottoming out around the 1.619 support; 1h is +0.25%, 4h is +0.43%. The pace is inching higher, so the bias is bullish.
Last at 1.628, it’s squeezed between support 1.619 and resistance 1.634, compressing the whole range to less than 1%.
Trigger: If the 1h close holds above 1.634, the bulls confirm the breakout.
Target: Extend upward; watch for structural resistance overhead.
Invalidation: A 4h close falling below 1.619 means the structure is effectively dead.
With thin weekend liquidity, at this level it either rockets up directly, or gets pressed back and slowly killed.
Do you think NEAR can break above 1.634 this time?