$NEAR short liquidation suggests buyers pushed price into short positions, potentially creating additional buy-to-cover pressure. The daily technical structure is bullish, but price needs to break nearby resistance with strong volume before another leg higher can be confirmed.
Support: $4.92, then $4.68
Resistance: $5.25, then $5.54
Next Target: $5.54; a stronger breakout could expose higher liquidity.
Invalidation: Sustained price action below $4.92 weakens the bullish setup.
If buyers reclaim and hold above $5.25, momentum could extend toward the next liquidity zone. A rejection could instead trigger a pullback toward support.
Let's go $NEAR 🚀
Support: $4.92, then $4.68
Resistance: $5.25, then $5.54
Next Target: $5.54; a stronger breakout could expose higher liquidity.
Invalidation: Sustained price action below $4.92 weakens the bullish setup.
If buyers reclaim and hold above $5.25, momentum could extend toward the next liquidity zone. A rejection could instead trigger a pullback toward support.
Let's go $NEAR 🚀