$NEAR has broken below its primary pivot range of $3.85, pulling back toward immediate support around $3.60. A failure to hold $3.60 opens the door for a retest of the strong demand zone at $3.20. Regaining $3.85 is essential to resume a bullish structure toward $4.10+.
Technical Indicators (4H): The 14-period RSI (~37–38) signals approaching over-sold conditions, suggesting momentum may slow down. Meanwhile, the MACD displays a bearish crossover below zero, confirming short-term downward pressure.
Fundamentals & Tokenomics: The approval of HSP-029 (a 36% annual issuance cut) improves long-term supply dynamics, providing strong structural support despite short-term market headwinds.
Market Bias: Neutral to Bearish short-term, Bullish medium-term. Accumulation near the $3.20–$3.60 support range offers potential value for long-term holders.
#besttranding #BinanceSquareTalks
#$NEAR
Technical Indicators (4H): The 14-period RSI (~37–38) signals approaching over-sold conditions, suggesting momentum may slow down. Meanwhile, the MACD displays a bearish crossover below zero, confirming short-term downward pressure.
Fundamentals & Tokenomics: The approval of HSP-029 (a 36% annual issuance cut) improves long-term supply dynamics, providing strong structural support despite short-term market headwinds.
Market Bias: Neutral to Bearish short-term, Bullish medium-term. Accumulation near the $3.20–$3.60 support range offers potential value for long-term holders.
#besttranding #BinanceSquareTalks
#$NEAR
