๐ Quick look at the movement of coin $NEAR ๐
#BitcoinETFsBiggestDailyInflowSinceJanuary #USAugustAvgHourlyEarningsRise3.1%
The NEAR/USDT pair is recording a strong rise of +14.75%, currently trading at 2.248.
๐ General trend: strongly bullish in the short term after breaking previous accumulation zones. The price is trading steadily above all key exponential moving averages (EMA 7, 100, 200), confirming full control of the uptrend.
โ ๏ธ Relative Strength Index (RSI): at 82.22 (clear overbought zone), reflecting massive buying momentum but warning of a possible pause or minor correction for profit-taking before continuing higher.
๐ Key levels:
๐ฏ Resistance: the next target for the bulls is the previous high at 2.374, and breaking it opens the way back toward the visible all-time high at 3.087.
๐ก๏ธ Support: in case of a pullback, the 2.037 level (EMA 7 line) represents the first nearby support to protect the current momentum.
๐ก Summary: the upward wave is strong and supported by clear liquidity, but given the current overbought condition, it is preferable not to rush into direct buying and wait for any corrective pullback toward support areas to reduce risk.
#BitcoinETFsBiggestDailyInflowSinceJanuary #USAugustAvgHourlyEarningsRise3.1%
The NEAR/USDT pair is recording a strong rise of +14.75%, currently trading at 2.248.
๐ General trend: strongly bullish in the short term after breaking previous accumulation zones. The price is trading steadily above all key exponential moving averages (EMA 7, 100, 200), confirming full control of the uptrend.
โ ๏ธ Relative Strength Index (RSI): at 82.22 (clear overbought zone), reflecting massive buying momentum but warning of a possible pause or minor correction for profit-taking before continuing higher.
๐ Key levels:
๐ฏ Resistance: the next target for the bulls is the previous high at 2.374, and breaking it opens the way back toward the visible all-time high at 3.087.
๐ก๏ธ Support: in case of a pullback, the 2.037 level (EMA 7 line) represents the first nearby support to protect the current momentum.
๐ก Summary: the upward wave is strong and supported by clear liquidity, but given the current overbought condition, it is preferable not to rush into direct buying and wait for any corrective pullback toward support areas to reduce risk.
