NEAR is accumulating again after a strong surge
I’m watching the 2.61 zone at $NEAR k where the price shows signs of pausing after the impressive growth just now.
On the four-hour chart, the price has confirmed a breakout with fairly good volume reaching 1.31x, indicating that the buyers still hold the dominant advantage. However, when looking at the one-hour chart, the relative strength index is at 68.4 and the price is trending slightly downward—as if an athlete needs to catch their breath before running the next long stretch.
If the price holds above the 2.61 zone and rebounds again, it’s likely that it will soon challenge the 2.651 resistance level on the four-hour chart.
In case selling pressure increases and the price breaks through 2.61, I will further observe the reaction around the 2.597 zone to see whether buyers are still interested.
The current long-to-short ratio is 1.8425, suggesting that market sentiment is quite bullish. So everyone should be cautious about sudden liquidity-sweep moves when the open volume increases by 2.62%. 📈 🔍
#NEAR #Crypto
I’m watching the 2.61 zone at $NEAR k where the price shows signs of pausing after the impressive growth just now.
On the four-hour chart, the price has confirmed a breakout with fairly good volume reaching 1.31x, indicating that the buyers still hold the dominant advantage. However, when looking at the one-hour chart, the relative strength index is at 68.4 and the price is trending slightly downward—as if an athlete needs to catch their breath before running the next long stretch.
If the price holds above the 2.61 zone and rebounds again, it’s likely that it will soon challenge the 2.651 resistance level on the four-hour chart.
In case selling pressure increases and the price breaks through 2.61, I will further observe the reaction around the 2.597 zone to see whether buyers are still interested.
The current long-to-short ratio is 1.8425, suggesting that market sentiment is quite bullish. So everyone should be cautious about sudden liquidity-sweep moves when the open volume increases by 2.62%. 📈 🔍
#NEAR #Crypto
