$NEAR Looks Bullish, but this move is getting Stretched.
Price is around $3.47 after a sharp 29% daily jump, with the chart pushing close to the $3.57 high. The trend is clearly strong, but price is also sitting above the upper Bollinger Band, so chasing here carries more risk.
The ecosystem story is helping the narrative too. $NEAR Intents has processed more than $27B in cumulative swap volume, while NEAR's confidential ecosystem recently crossed $70M TVL. NEAR is also continuing to push its AI and chain abstraction strategy.
My take: bullish momentum, but overheated short term.
I would watch $3.35 first, then $3.12. If #NEAR can hold those areas on any pullback, the current structure stays interesting. Losing them would suggest the pump is cooling off.
For now, $3.57 is the level I would watch closely.
$NEAR token missed my entry zone $1.2 by a slight margin, so I am not chasing or FOMOing in at this price.
Price is around $3.47 after a sharp 29% daily jump, with the chart pushing close to the $3.57 high. The trend is clearly strong, but price is also sitting above the upper Bollinger Band, so chasing here carries more risk.
The ecosystem story is helping the narrative too. $NEAR Intents has processed more than $27B in cumulative swap volume, while NEAR's confidential ecosystem recently crossed $70M TVL. NEAR is also continuing to push its AI and chain abstraction strategy.
My take: bullish momentum, but overheated short term.
I would watch $3.35 first, then $3.12. If #NEAR can hold those areas on any pullback, the current structure stays interesting. Losing them would suggest the pump is cooling off.
For now, $3.57 is the level I would watch closely.
$NEAR token missed my entry zone $1.2 by a slight margin, so I am not chasing or FOMOing in at this price.
