$NEAR remains bearish. It is currently attempting a weak bounce toward 5.14, but faces strong overhead resistance
· Price (5.14) is currently trading below EMA9 (5.25) and EMA21 (5.35). EMA9 is acting as dynamic resistance, and a bearish crossover (EMA9 crossing below EMA21) appears imminent, confirming downside momentum
· CVD Aggregated is at -313M and remains in a sustained, steep downtrend, continually making lower lows, indicating that selling pressure is firmly dominating the market
· OI (open interest): Fell sharply from a peak of around 220M to the current 173.89M. It is currently consolidating.
$NEAR Short Setup (Preferred)
· Short entry: 5.25–5.30 (retest of the EMA resistance zone), or wait for a break below 4.87
· Stop loss: Above 5.45
· Take profit:
· TP1: 4.89 (recent swing low)
· TP2: 4.50 (psychological support zone)
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· Price (5.14) is currently trading below EMA9 (5.25) and EMA21 (5.35). EMA9 is acting as dynamic resistance, and a bearish crossover (EMA9 crossing below EMA21) appears imminent, confirming downside momentum
· CVD Aggregated is at -313M and remains in a sustained, steep downtrend, continually making lower lows, indicating that selling pressure is firmly dominating the market
· OI (open interest): Fell sharply from a peak of around 220M to the current 173.89M. It is currently consolidating.
$NEAR Short Setup (Preferred)
· Short entry: 5.25–5.30 (retest of the EMA resistance zone), or wait for a break below 4.87
· Stop loss: Above 5.45
· Take profit:
· TP1: 4.89 (recent swing low)
· TP2: 4.50 (psychological support zone)
Support me by trading here 👇#near #nearprotocol