$NEAR rejects the 1H EMA20 at $3.404, a key resistance area that has held bears back previously, indicating a bearish reversal. A close above $3.406 would validate a Bull case, potentially opening up a move toward $3.557. However, a close below $3.406 would confirm the bearish setup, targeting a drop toward the $3.290 demand floor.
The 1H RSI at 35.5 underscores a moderate bearish momentum, which can be a harbinger of a potential collapse. With funding rates slightly positive, bulls are incentivized to hold, but if the market turns, the bearish momentum could gain traction. Will bulls be able to overcome the $3.406 hurdle?
$NEAR $BTC $BNB #NEAR #Write2Earn #BinanceSquare
The 1H RSI at 35.5 underscores a moderate bearish momentum, which can be a harbinger of a potential collapse. With funding rates slightly positive, bulls are incentivized to hold, but if the market turns, the bearish momentum could gain traction. Will bulls be able to overcome the $3.406 hurdle?
$NEAR $BTC $BNB #NEAR #Write2Earn #BinanceSquare
