#NEAR The path to a new all-time high hinges on one key breakout.
On the weekly chart, the price has rebounded strongly from a $1 bottom. At the current price shown in the screenshot of $5.146, NEAR is testing a descending resistance line connecting the previous cycle's secondary highs.
The first confirmation zone is $5.50–$6.00. A weekly close above this range, followed by a successful retest, would significantly increase the likelihood of a major trend reversal.
On a pullback, watch the $4.00–$4.60 support zone. Holding here is essential to preserving the rebound structure.
The major resistance zone above is $7.50–$9.00. Previous rebounds have faced selling pressure here, with the $8.36 1.618 Fibonacci extension serving as a reference point within the zone.
After holding above $9, the initial targets are $11–$12, followed by the $15–$16 historical supply zone. Each resistance level must turn into support for the price to continue moving higher.
The ultimate target is the all-time high of $20.44, representing potential upside of approximately 297% from the current price.
This is only a projection of a weekly rebound, and a deep pullback remains possible along the way. If the price falls below $4, the bullish structure will weaken, and attention will shift to the 3.81 Fibonacci retracement level and the old $2.50–$3.20 range.
For NEAR, holding above $6 is the true starting point for a push toward a new all-time high.
On the weekly chart, the price has rebounded strongly from a $1 bottom. At the current price shown in the screenshot of $5.146, NEAR is testing a descending resistance line connecting the previous cycle's secondary highs.
The first confirmation zone is $5.50–$6.00. A weekly close above this range, followed by a successful retest, would significantly increase the likelihood of a major trend reversal.
On a pullback, watch the $4.00–$4.60 support zone. Holding here is essential to preserving the rebound structure.
The major resistance zone above is $7.50–$9.00. Previous rebounds have faced selling pressure here, with the $8.36 1.618 Fibonacci extension serving as a reference point within the zone.
After holding above $9, the initial targets are $11–$12, followed by the $15–$16 historical supply zone. Each resistance level must turn into support for the price to continue moving higher.
The ultimate target is the all-time high of $20.44, representing potential upside of approximately 297% from the current price.
This is only a projection of a weekly rebound, and a deep pullback remains possible along the way. If the price falls below $4, the bullish structure will weaken, and attention will shift to the 3.81 Fibonacci retracement level and the old $2.50–$3.20 range.
For NEAR, holding above $6 is the true starting point for a push toward a new all-time high.