At $NEAR there are now two clear paths.
The first one is that the price holds the current zone, gradually rises to the descending line, and breaks through it. Then the next reference points become $6–6.5, and after a confident breakout you can already look toward $9–10.
The second one is that the current support is not held. Then the price may move toward a strong zone around $3.
From $3, I would already be looking for a recovery to $5, then for a period of calm movement and a new attempt to break the line from above.
In both scenarios, everything comes down to one thing: how $NEAR will behave near this line. That’s where it will become clear whether the reversal continues or the market needs yet another pullback.
The first one is that the price holds the current zone, gradually rises to the descending line, and breaks through it. Then the next reference points become $6–6.5, and after a confident breakout you can already look toward $9–10.
The second one is that the current support is not held. Then the price may move toward a strong zone around $3.
From $3, I would already be looking for a recovery to $5, then for a period of calm movement and a new attempt to break the line from above.
In both scenarios, everything comes down to one thing: how $NEAR will behave near this line. That’s where it will become clear whether the reversal continues or the market needs yet another pullback.
