🚨 NEAR: A Spot opportunity, or should we wait for the market to stabilize?
NEAR is showing something worth noting: its 90-day performance is still outperforming Bitcoin by more than 112 percentage points, but on November 6, the market fell sharply across the board, and NEAR also came under selling pressure.
📊 SM Crypto's take:
* The long-term trend remains positive, with the price about 41.8% above the MA200.
* The daily RSI is at 38, indicating that momentum is still weak.
* There is no confirmation of a short-term reversal yet.
🎯 Spot strategy: Don't rush to buy the dip. Wait for NEAR to form a bottom, consolidate steadily, and reclaim the short-term resistance zone with rising volume before considering scaling in gradually.
❓Do you think NEAR will recover or continue to fall?
#NEAR #Crypto #SpotTrading #SMCrypto
NEAR is showing something worth noting: its 90-day performance is still outperforming Bitcoin by more than 112 percentage points, but on November 6, the market fell sharply across the board, and NEAR also came under selling pressure.
📊 SM Crypto's take:
* The long-term trend remains positive, with the price about 41.8% above the MA200.
* The daily RSI is at 38, indicating that momentum is still weak.
* There is no confirmation of a short-term reversal yet.
🎯 Spot strategy: Don't rush to buy the dip. Wait for NEAR to form a bottom, consolidate steadily, and reclaim the short-term resistance zone with rising volume before considering scaling in gradually.
❓Do you think NEAR will recover or continue to fall?
#NEAR #Crypto #SpotTrading #SMCrypto