$NEAR
The number that should catch your attention isn’t 5.48… it’s 5.05.
Because the price finally broke above the most recent clear daily high at 5.05, and the last 24 hours saw movement from 4.73 up to 5.48 with trading volume of about $170.35 million.
Most importantly, the price confirmed the move by breaking 5.21, and after that there wasn’t a quick breakdown of the breakout.
This makes the strongest scenario not chasing the price at 5.40, but waiting for a retest of the 5.21–5.30 area and holding above it.
If this zone flips from resistance to support, then the real activation starts—the first logical extension is at 5.69, then 6.21 if the same expansion continues.
As for a pullback and a close below 5.05, here the whole idea loses its foundation.
$NEAR
The number that should catch your attention isn’t 5.48… it’s 5.05.
Because the price finally broke above the most recent clear daily high at 5.05, and the last 24 hours saw movement from 4.73 up to 5.48 with trading volume of about $170.35 million.
Most importantly, the price confirmed the move by breaking 5.21, and after that there wasn’t a quick breakdown of the breakout.
This makes the strongest scenario not chasing the price at 5.40, but waiting for a retest of the 5.21–5.30 area and holding above it.
If this zone flips from resistance to support, then the real activation starts—the first logical extension is at 5.69, then 6.21 if the same expansion continues.
As for a pullback and a close below 5.05, here the whole idea loses its foundation.
$NEAR