Current trend: Bearish in the short term after rejection from the $5.5–$6 area in October, followed by a sharp decline toward the $3.60–$3.70 area.
Moving averages:
Price is below MA7 and MA20, confirming selling pressure.
MA20 is acting as a dynamic resistance zone.
Support and resistance:
Strong support: around $3.60–$3.63 (a critical zone). A break below it could open the way toward $3.20–$3.50.
Nearby resistance: $3.80–$3.90, then $4.30.
Previous higher resistance: $4.50–$5.00.
Indicators (from recent sources):
Daily RSI around 38–41 (neutral, with a tendency toward oversold).
A TD Sequential buy signal appeared, according to some analysts, after the decline.
Conditions:
Consolidation above $3.60 could lead to a rebound toward $4.00–$4.30.
A break below support on high volume would weaken the short-term outlook.
The positive news (a reduction in issuance to 1.6%) supports the long-term structure, but broad market pressure remains.
$NEAR
Moving averages:
Price is below MA7 and MA20, confirming selling pressure.
MA20 is acting as a dynamic resistance zone.
Support and resistance:
Strong support: around $3.60–$3.63 (a critical zone). A break below it could open the way toward $3.20–$3.50.
Nearby resistance: $3.80–$3.90, then $4.30.
Previous higher resistance: $4.50–$5.00.
Indicators (from recent sources):
Daily RSI around 38–41 (neutral, with a tendency toward oversold).
A TD Sequential buy signal appeared, according to some analysts, after the decline.
Conditions:
Consolidation above $3.60 could lead to a rebound toward $4.00–$4.30.
A break below support on high volume would weaken the short-term outlook.
The positive news (a reduction in issuance to 1.6%) supports the long-term structure, but broad market pressure remains.
$NEAR