$NEAR
🔥 Technical Analysis
The price is currently near 4.73, and the overall weekly trend is still bullish. However, the price is approaching an important resistance area at 4.84–4.95, so it’s best not to chase the price before a confirmed move.
🟢 Scenario One | Continuation of the Uptrend
If the price manages to break above 4.84 and hold above it, we may see gradual continuation toward:
🎯 4.90
🎯 4.98
🎯 5.10
⚠️ But 4.95 is very important on the weekly timeframe, and selling pressure or a correction could emerge from it.
🔴 Scenario Two | Rejection of Resistance
If the price fails to break through 4.84–4.95 and starts to lose momentum, we may see a correction toward:
🎯 4.55
🎯 4.30
🎯 4.05
📌 Summary:
The trend is still positive, but the price is currently close to strong resistance. A breakout of 4.84 and holding above it supports the continuation of the uptrend, while rejection from the zone may provide a better entry opportunity after the correction. The most important resistance to watch in case of a breakout is 4.95 on the weekly timeframe.
🔥 Technical Analysis
The price is currently near 4.73, and the overall weekly trend is still bullish. However, the price is approaching an important resistance area at 4.84–4.95, so it’s best not to chase the price before a confirmed move.
🟢 Scenario One | Continuation of the Uptrend
If the price manages to break above 4.84 and hold above it, we may see gradual continuation toward:
🎯 4.90
🎯 4.98
🎯 5.10
⚠️ But 4.95 is very important on the weekly timeframe, and selling pressure or a correction could emerge from it.
🔴 Scenario Two | Rejection of Resistance
If the price fails to break through 4.84–4.95 and starts to lose momentum, we may see a correction toward:
🎯 4.55
🎯 4.30
🎯 4.05
📌 Summary:
The trend is still positive, but the price is currently close to strong resistance. A breakout of 4.84 and holding above it supports the continuation of the uptrend, while rejection from the zone may provide a better entry opportunity after the correction. The most important resistance to watch in case of a breakout is 4.95 on the weekly timeframe.
