NEAR has jumped almost 3x—can you still chase it?
From the bottom, it’s already close to 3x. Today the price is still around 5.4, and within 24 hours it continues to see double-digit gains
But the closer the price gets to 5.5, the quieter the chart becomes
When it was rallying earlier, the candles kept pushing upward one after another. Now that it’s at this level, it has started to chop and consolidate
I looked at the contract data: open interest is falling from its high, and the funding rate hasn’t warmed up noticeably
This suggests it’s not mainly being hammered by large short sellers right now. It feels more like the participants who entered earlier are starting to take some profits off the table
5.5 here isn’t really a “top” for now—it’s more like a filter zone
If you’re willing to keep chasing, you’ll need to buy through 5.5 to 5.58
If you’re not, you’ll wait for the price to come back to around 5.2, or even 5.0, and then look for a new entry
Next, I’ll only watch two things: whether there’s volume above 5.5, and after a breakdown below 5.2 whether there’s enough capital willing to step in
If there’s volume above 5.5, it means this leg still has people handing off the baton
If it breaks below 5.2, it means the market needs to cool down this round
After nearly a 3x run, I think the most important question for NEAR isn’t how much it can rise further, but how many people are still willing to take the next baton from higher levels
Do you hold NEAR? Are you planning to chase, or wait for a pullback?
#Near $NEAR
Personal opinion only—does not constitute investment advice
From the bottom, it’s already close to 3x. Today the price is still around 5.4, and within 24 hours it continues to see double-digit gains
But the closer the price gets to 5.5, the quieter the chart becomes
When it was rallying earlier, the candles kept pushing upward one after another. Now that it’s at this level, it has started to chop and consolidate
I looked at the contract data: open interest is falling from its high, and the funding rate hasn’t warmed up noticeably
This suggests it’s not mainly being hammered by large short sellers right now. It feels more like the participants who entered earlier are starting to take some profits off the table
5.5 here isn’t really a “top” for now—it’s more like a filter zone
If you’re willing to keep chasing, you’ll need to buy through 5.5 to 5.58
If you’re not, you’ll wait for the price to come back to around 5.2, or even 5.0, and then look for a new entry
Next, I’ll only watch two things: whether there’s volume above 5.5, and after a breakdown below 5.2 whether there’s enough capital willing to step in
If there’s volume above 5.5, it means this leg still has people handing off the baton
If it breaks below 5.2, it means the market needs to cool down this round
After nearly a 3x run, I think the most important question for NEAR isn’t how much it can rise further, but how many people are still willing to take the next baton from higher levels
Do you hold NEAR? Are you planning to chase, or wait for a pullback?
#Near $NEAR
Personal opinion only—does not constitute investment advice
