NEAR Protocol trades at $5.126 USDT (-5.46%), correcting after the impulse that reached the $5.540 high and seeking dynamic support on the 1-hour timeframe.

๐Ÿ“Š Key Points from the Technical Analysis:

Critical Support: Price is holding above the MA(100) at $5.102. Losing this level would open the way to the $4.935 - $4.900 zone.
$NEAR

Resistances: Recover the MA(50) at $5.150 to halt the fast bearish pressure. Strong upper resistance at the MA(7) at $5.221 and the MA(21) at $5.307.

Parabolic SAR: It remains above the price at $5.457, setting the selling tone in the short term.

Volume: Records more than $216.8M USDT in 24h, showing high liquidity during the correction.

๐Ÿ’ก Scenarios to monitor:

Bounce: A 1H candle close above $5.150 would validate the MA(100) as a floor and attempt an impulse toward the $5.22 - $5.30 area.

Bearish Break: If it breaks $5.10, we could see a retest to lower levels.

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Do you think a bounce is possible at this support, or do you expect a deeper correction? ๐Ÿ‘‡

This is not financial advice. Do your own research (DYOR).

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