$NEAR is currently continuing its recovery after a local correction and is once again approaching the key resistance zone at $5.52–5.58. The price is maintaining its upward structure, and after falling to the $4.60–4.70 area, it formed a series of higher lows, gradually approaching the previous local highs.
The $5.52–5.58 zone has acted as resistance several times, so a breakout above it followed by a decisive hold would confirm buyer strength for me. I’m considering opening a long position if activity picks up on the resistance breakout, with a near-term target around $5.85–5.86, offering roughly 5% upside.
The $5.52–5.58 zone has acted as resistance several times, so a breakout above it followed by a decisive hold would confirm buyer strength for me. I’m considering opening a long position if activity picks up on the resistance breakout, with a near-term target around $5.85–5.86, offering roughly 5% upside.