$NEAR a US$5.31: will the streak continue or pull back?
$NEAR surges 15.5% and trades at US$5.31. The 24-hour range was between US$4.527 and US$5.44, with a volume of US$218 M. The RSI is at 55.1, with neither overbought nor oversold conditions.
The EMAs confirm the 4-hour uptrend (EMA20 = 5.134, EMA50 = 5.127), and futures funding is nearly neutral (-0.0002%). 56% of traders are long, indicating buying pressure. $ZEC (+13.1%) and $ETH (+4.8%) are also moving higher.
Key support is at 5.142, with immediate resistance at 5.423. A break above that resistance would put the next ceiling at 5.595 and confirm the bullish scenario; a drop below 5.142 would trigger a rebound to 4.879, invalidating the previous resistance.
Will it break 5.423 or return to 5.142? 🟢/🔴
#NEARProtocol #Layer1
This is not financial advice. Do your own research before investing.
$NEAR surges 15.5% and trades at US$5.31. The 24-hour range was between US$4.527 and US$5.44, with a volume of US$218 M. The RSI is at 55.1, with neither overbought nor oversold conditions.
The EMAs confirm the 4-hour uptrend (EMA20 = 5.134, EMA50 = 5.127), and futures funding is nearly neutral (-0.0002%). 56% of traders are long, indicating buying pressure. $ZEC (+13.1%) and $ETH (+4.8%) are also moving higher.
Key support is at 5.142, with immediate resistance at 5.423. A break above that resistance would put the next ceiling at 5.595 and confirm the bullish scenario; a drop below 5.142 would trigger a rebound to 4.879, invalidating the previous resistance.
Will it break 5.423 or return to 5.142? 🟢/🔴
#NEARProtocol #Layer1
This is not financial advice. Do your own research before investing.