🔥 $NEAR dropped to 4.30 yesterday and rebounded within a day: a trap for sellers? 🚀
Yesterday, $NEAR lost almost 10% and touched 4.30, but today it has already climbed back above 5.17 (+7%). That’s exactly the 0.236 Fibonacci level of the entire rally that has been underway since August. For a coin up 97% in a month, this kind of correction is normal—not the start of a reversal.
On the daily chart, the price is back above the 7-day EMA and the Bollinger middle band. The RSI is around 57, so there’s no overheating and there’s room to grow. The broader picture is supportive too: the Bitwise NEAR ETF has been trading on NYSE Arca since September 29, and the coin has entered the top 20 by market capitalization.
🎯 Setup:
Entry: 4.95–5.10
SL: 4.60
TP1: 5.40
TP2: 5.60
TP3: 6.70
What do you think—will NEAR break through 5.60 on the first try, or will it test 4.6 once more first? 👇
#nearprotocol #crypto #Trading #near
Yesterday, $NEAR lost almost 10% and touched 4.30, but today it has already climbed back above 5.17 (+7%). That’s exactly the 0.236 Fibonacci level of the entire rally that has been underway since August. For a coin up 97% in a month, this kind of correction is normal—not the start of a reversal.
On the daily chart, the price is back above the 7-day EMA and the Bollinger middle band. The RSI is around 57, so there’s no overheating and there’s room to grow. The broader picture is supportive too: the Bitwise NEAR ETF has been trading on NYSE Arca since September 29, and the coin has entered the top 20 by market capitalization.
🎯 Setup:
Entry: 4.95–5.10
SL: 4.60
TP1: 5.40
TP2: 5.60
TP3: 6.70
What do you think—will NEAR break through 5.60 on the first try, or will it test 4.6 once more first? 👇
#nearprotocol #crypto #Trading #near