$NEAR Strong Momentum, but Resistance Is Being Tested
NEAR is trading around $5.33 after gaining more than 13% in 24 hours. The $5.40–$5.50 supply zone is key resistance following the sharp rally.
On the daily chart, Fibonacci levels place the $5.10–$4.95 area in a pullback zone to watch, with stronger demand at $4.75–$4.85.
If $5.50 is broken and holds, bullish momentum could continue. Conversely, if demand at $4.95 fails, the risk of a retracement to lower levels increases.
A strong market doesn’t mean you have to chase it. Wait for confirmation, manage risk, and let the price show its direction.
NEAR is trading around $5.33 after gaining more than 13% in 24 hours. The $5.40–$5.50 supply zone is key resistance following the sharp rally.
On the daily chart, Fibonacci levels place the $5.10–$4.95 area in a pullback zone to watch, with stronger demand at $4.75–$4.85.
If $5.50 is broken and holds, bullish momentum could continue. Conversely, if demand at $4.95 fails, the risk of a retracement to lower levels increases.
A strong market doesn’t mean you have to chase it. Wait for confirmation, manage risk, and let the price show its direction.
LONG 🤔
62%
SHORT 🔥
38%
26 votes • Voting closed