$NEAR at 4.756: breakout or bounce?
$NEAR is trading at US$4.719, down 5.92% in 24h and 18.51% in 7 days.
On the 4h chart, EMA20 (5.001) and EMA50 (5.059) are above the price, confirming a downtrend. RSI 40.1 shows selling pressure without being oversold. 24h range: 4.685–5.063; support: 4.301; resistance: 4.756 and 5.155.
Binance Futures: funding +0.0008% every 8h, OI fell 5.8%, and 60% of accounts are long. Currently trending: $ZEC (-5.3%) and $ETH (-2.0%).
My take: a close above 4.756 invalidates the bearish outlook and opens the way to 5.155. A break below 4.301 could trigger a drop toward 4.0, ending hopes of a bounce. I wouldn’t enter yet; I’d rather wait for confirmation.
Will it break 4.756 or return to 4.301? 🟢/🔴
#near #defi #binance
This is not financial advice. Verify before investing.
$NEAR is trading at US$4.719, down 5.92% in 24h and 18.51% in 7 days.
On the 4h chart, EMA20 (5.001) and EMA50 (5.059) are above the price, confirming a downtrend. RSI 40.1 shows selling pressure without being oversold. 24h range: 4.685–5.063; support: 4.301; resistance: 4.756 and 5.155.
Binance Futures: funding +0.0008% every 8h, OI fell 5.8%, and 60% of accounts are long. Currently trending: $ZEC (-5.3%) and $ETH (-2.0%).
My take: a close above 4.756 invalidates the bearish outlook and opens the way to 5.155. A break below 4.301 could trigger a drop toward 4.0, ending hopes of a bounce. I wouldn’t enter yet; I’d rather wait for confirmation.
Will it break 4.756 or return to 4.301? 🟢/🔴
#near #defi #binance
This is not financial advice. Verify before investing.