NEAR pushed higher again, up 5% in an hour. $NEAR hit 5.4, gaining more than 5% over 24 hours.
This rally started in late September. The ETF attracted nearly $60 million in its first week, the $3.8 million that was stolen has been recovered, and TOKEN2049 is still underway—all the narratives are lining up. A couple of days ago, the weekly RSI was already hovering around 75. It’s been climbing for almost a month and still hasn’t let up.
My first instinct is to jump in, but the most frustrating thing about this slow grind of four straight green candles is that you know it’s overheated, yet you just can’t bring yourself to sell. I’ll take it one step at a time. If it can’t break above 5.5, profit-takers will surely be the first to act.
$NEAR
#MarketAnalysis
This rally started in late September. The ETF attracted nearly $60 million in its first week, the $3.8 million that was stolen has been recovered, and TOKEN2049 is still underway—all the narratives are lining up. A couple of days ago, the weekly RSI was already hovering around 75. It’s been climbing for almost a month and still hasn’t let up.
My first instinct is to jump in, but the most frustrating thing about this slow grind of four straight green candles is that you know it’s overheated, yet you just can’t bring yourself to sell. I’ll take it one step at a time. If it can’t break above 5.5, profit-takers will surely be the first to act.
$NEAR
#MarketAnalysis