$NEAR | THE CORRECTION OPENED A NEW WINDOW OF OPPORTUNITIES. STRENGTH FOR THE SHORT TERM.
#Near is trading in the region of US$4.60, with about US$280M in volume on Binance and US$1.4B in the market over the last 24 hours. Market cap near US$6.1B.
After reaching US$5.30 at the last relevant peak on the 4H chart on 8/10, Near pulled back about 21% to current levels.
Before this correction, the asset was up about 92% over 30 days. The current move is a bullish digestion, and the bottom structure remains intact.
What supports the thesis:
• Bitwise’s NRR ETF trading on NYSE Arca since 29/9: the first spot NEAR ETF in the US
• Staking from the fund with an estimated fee of about 5% per year by Bitwise
• Integration with the Robinhood Chain on near.com since 7/10: swaps across more than 180 assets and 30 networks
• Post-quantum security upgrade launched in July
Corrections don’t destroy a strong narrative. They create more attractive prices for those who were waiting to enter.
For me, this correction opens a new buying and accumulation opportunity. I’ve been investing heavily in it for 3 years.
This was the opportunity I was waiting for 🙌🏻
NEAR recovers US$5 in the next sessions, or will the market test the US$4.60 support first?
#Near is trading in the region of US$4.60, with about US$280M in volume on Binance and US$1.4B in the market over the last 24 hours. Market cap near US$6.1B.
After reaching US$5.30 at the last relevant peak on the 4H chart on 8/10, Near pulled back about 21% to current levels.
Before this correction, the asset was up about 92% over 30 days. The current move is a bullish digestion, and the bottom structure remains intact.
What supports the thesis:
• Bitwise’s NRR ETF trading on NYSE Arca since 29/9: the first spot NEAR ETF in the US
• Staking from the fund with an estimated fee of about 5% per year by Bitwise
• Integration with the Robinhood Chain on near.com since 7/10: swaps across more than 180 assets and 30 networks
• Post-quantum security upgrade launched in July
Corrections don’t destroy a strong narrative. They create more attractive prices for those who were waiting to enter.
For me, this correction opens a new buying and accumulation opportunity. I’ve been investing heavily in it for 3 years.
This was the opportunity I was waiting for 🙌🏻
NEAR recovers US$5 in the next sessions, or will the market test the US$4.60 support first?