$NEAR After breaking below the 3.7152 Fibonacci 0.618 level last night, the price accelerated downward and is now heading straight for 3.5. From the high of 3.813, that’s a drop of more than 7%. Jian’s view is that a technical level acts as support before it breaks, and resistance after it does. Now that 3.7152 has been lost, the next level to watch for NEAR is the round-number mark at 3.5. Let’s see what happens once today’s stop-loss orders have been cleared.