My impression of NEAR is that it hasn’t corrected enough.
Since the initial surge on high volume followed by a low-volume correction to 1.5, the price has continued breaking through $6, reaching four times its launch price. This also shows that NEAR is very strong and that market capital is bullish on the NEAR ecosystem. However, the price stopped breaking out of its consolidation range several weeks ago.
This correction should be more like the broad correction in January–February 2024, which paved the way for the subsequent breakout to new highs. So I’m still more inclined to think the price will continue to correct, with the 0.382–0.618 Fibonacci levels as reference points, corresponding to a price range of $4.3–$3.2.
#near投票拟将年增发率降至1.6% $NEAR
Since the initial surge on high volume followed by a low-volume correction to 1.5, the price has continued breaking through $6, reaching four times its launch price. This also shows that NEAR is very strong and that market capital is bullish on the NEAR ecosystem. However, the price stopped breaking out of its consolidation range several weeks ago.
This correction should be more like the broad correction in January–February 2024, which paved the way for the subsequent breakout to new highs. So I’m still more inclined to think the price will continue to correct, with the 0.382–0.618 Fibonacci levels as reference points, corresponding to a price range of $4.3–$3.2.
#near投票拟将年增发率降至1.6% $NEAR