$NEAR at $5.14: Looking to retest the $5.57 high? 🚀⚡
The 4-hour structure of $NEAR Protocol remains impeccable. Trading at $5.144 (+3.33%), the asset is sustaining the recovery that started at $2.265 and is looking to consolidate near the top of the trend.
Key 4H technical points:
▪️ EMA 25 defense ($5.030): It acts as dynamic support where buyers step in to defend the trend.
▪️ Bullish MACD crossover: Green histogram (0.034), with the DIF line (0.095) above the DEA (0.061), confirming the return of buying momentum.
▪️ Immediate resistance: The EMA 7 ($5.181) is the key level to break to retest the 24-hour high at $5.370 and target $5.578.
▪️ Supporting volume: $133.78M USDT traded in the last 24 hours shows a steady flow of liquidity.
As long as the price stays above the EMA 99 bunker ($4.596), the structure continues to favor the bulls.
Are you accumulating above $5.00 or waiting for a close above $5.18? 👇
$NEAR #NearProtocol #BinanceSquare #CryptoTrading #TechnicalAnalysis
The 4-hour structure of $NEAR Protocol remains impeccable. Trading at $5.144 (+3.33%), the asset is sustaining the recovery that started at $2.265 and is looking to consolidate near the top of the trend.
Key 4H technical points:
▪️ EMA 25 defense ($5.030): It acts as dynamic support where buyers step in to defend the trend.
▪️ Bullish MACD crossover: Green histogram (0.034), with the DIF line (0.095) above the DEA (0.061), confirming the return of buying momentum.
▪️ Immediate resistance: The EMA 7 ($5.181) is the key level to break to retest the 24-hour high at $5.370 and target $5.578.
▪️ Supporting volume: $133.78M USDT traded in the last 24 hours shows a steady flow of liquidity.
As long as the price stays above the EMA 99 bunker ($4.596), the structure continues to favor the bulls.
Are you accumulating above $5.00 or waiting for a close above $5.18? 👇
$NEAR #NearProtocol #BinanceSquare #CryptoTrading #TechnicalAnalysis