$NEAR fell to 3,91 overnight and bought back over 10% in a few hours
While the market was digesting the news of the Binance hack, $NEAR touched 3,909 amid the panic—almost exactly at the Supertrend (3,82) and the 0.5 Fib level of October’s rally. Buyers then pushed the price up to 4,33, leaving a long lower wick 👀
This isn’t a reversal yet: MACD is below zero, and EMA 7 (4,49) and EMA 25 (4,67) are above the price. Here’s how I see it: a daily close above 4,49 would open the way to 4,67, while a move back below 3,90 would put 3,77 in play. There’s also a vote underway to reduce issuance through November 2.
Was that the panic low, or just the first wave?
#Near #NEARProtocol #cryptoanalysis
While the market was digesting the news of the Binance hack, $NEAR touched 3,909 amid the panic—almost exactly at the Supertrend (3,82) and the 0.5 Fib level of October’s rally. Buyers then pushed the price up to 4,33, leaving a long lower wick 👀
This isn’t a reversal yet: MACD is below zero, and EMA 7 (4,49) and EMA 25 (4,67) are above the price. Here’s how I see it: a daily close above 4,49 would open the way to 4,67, while a move back below 3,90 would put 3,77 in play. There’s also a vote underway to reduce issuance through November 2.
Was that the panic low, or just the first wave?
#Near #NEARProtocol #cryptoanalysis
