$NEAR Is a rebound approaching?
NEAR is at a critical technical juncture, affected by the wave of selling sweeping the market after #بينانس was breached. It has fallen about 30% from its recent peak of $6.028 to the $4.235 area.
Key technical levels:
🔹 $4.235: A pivotal support level; holding above it could pave the way for a rebound.
🔹 $4.313: An area where Fibonacci levels intersect with the 50-period moving average.
🔹 $4.598: The key resistance level. A breakout above it could open the way toward $4.92, then $5.22.
🔹 $3.912: The next support level if $4.235 breaks.
What are we seeing?
The price broke below the previous low at $4.301, but quickly moved back above it. This move could be a liquidity sweep and possibly a bear trap, but on its own, it does not confirm a trend reversal.
My personal view:
I consider the $4.23–$4.31 area worth monitoring. Reclaiming $4.598 would be the first significant positive signal and could open the door to a gradual recovery.
However, a clear close below $4.235 could send the price back toward $3.912.
I see no need to rush. Gradual buying and waiting for trend confirmation remain the most rational approach.
This is technical analysis, not investment advice.
NEAR is at a critical technical juncture, affected by the wave of selling sweeping the market after #بينانس was breached. It has fallen about 30% from its recent peak of $6.028 to the $4.235 area.
Key technical levels:
🔹 $4.235: A pivotal support level; holding above it could pave the way for a rebound.
🔹 $4.313: An area where Fibonacci levels intersect with the 50-period moving average.
🔹 $4.598: The key resistance level. A breakout above it could open the way toward $4.92, then $5.22.
🔹 $3.912: The next support level if $4.235 breaks.
What are we seeing?
The price broke below the previous low at $4.301, but quickly moved back above it. This move could be a liquidity sweep and possibly a bear trap, but on its own, it does not confirm a trend reversal.
My personal view:
I consider the $4.23–$4.31 area worth monitoring. Reclaiming $4.598 would be the first significant positive signal and could open the door to a gradual recovery.
However, a clear close below $4.235 could send the price back toward $3.912.
I see no need to rush. Gradual buying and waiting for trend confirmation remain the most rational approach.
This is technical analysis, not investment advice.
