$NEAR at US$5.31: does it break 5.444 or drop to 5.175?
$NEAR is at US$5.313, up 7.00% in 24h, within the 4.884–5.451 range. The EMA20 (5.062) and EMA50 (5.04) are below the price, confirming the 4h uptrend, while the RSI at 60.9 is nowhere near overbought.
24h volume exceeds US$170 M, and futures funding is +0.0100% every 8h. Open interest rose 18.4% to US$311 M, with 54% of accounts long, reinforcing the bullish bias.
$ZEC (+6.2%) and $XRP (+2.8%) are also moving, with volumes of US$247 M and US$140 M, respectively.
Key support levels: 5.175 and 4.898; resistance levels: 5.444 and 5.595. If it breaks 5.444, the next target is 5.595, invalidating the bearish scenario. A break below 5.175 would invalidate the bullish thesis and open the way for a drop toward 4.898.
I wouldn’t enter now without confirmation of the breakout. It smells like a trap if the price bounces without surpassing resistance. Does it break 5.444 or return to 5.175? 🟢/🔴
#NearProtocol #DeFi
This is not financial advice. Do your own research before investing.
$NEAR is at US$5.313, up 7.00% in 24h, within the 4.884–5.451 range. The EMA20 (5.062) and EMA50 (5.04) are below the price, confirming the 4h uptrend, while the RSI at 60.9 is nowhere near overbought.
24h volume exceeds US$170 M, and futures funding is +0.0100% every 8h. Open interest rose 18.4% to US$311 M, with 54% of accounts long, reinforcing the bullish bias.
$ZEC (+6.2%) and $XRP (+2.8%) are also moving, with volumes of US$247 M and US$140 M, respectively.
Key support levels: 5.175 and 4.898; resistance levels: 5.444 and 5.595. If it breaks 5.444, the next target is 5.595, invalidating the bearish scenario. A break below 5.175 would invalidate the bullish thesis and open the way for a drop toward 4.898.
I wouldn’t enter now without confirmation of the breakout. It smells like a trap if the price bounces without surpassing resistance. Does it break 5.444 or return to 5.175? 🟢/🔴
#NearProtocol #DeFi
This is not financial advice. Do your own research before investing.