đ„ $NEAR COULD BE APPROACHING A MAJOR WEEKLY BREAKOUT
$NEAR has rallied back toward its descending resistance, and now the key question is simple:
Can buyers reclaim $5.50â$6.20 and actually hold it on the retest? đ
Thatâs the zone Iâm watching for a potential shift in the weekly structure.
For the bullish setup to stay valid:
đą $3.80â$4.50 â needs to become support
đ $5.50â$6.20 â major resistance / breakout zone
đŻ $8 â first major upside test
đŻ $12 â next target
đ„ $20.60 â historical high
đ $22 â potential cycle extension
From around $4.969, a move to $22 would represent roughly 343% upside.
But Iâm not assuming it happens.
â ïž A weekly close below $3.80 would significantly weaken the bullish structure.
For now, $5.50â$6.20 is the zone that could change the entire weekly picture. đđ
$NEAR has rallied back toward its descending resistance, and now the key question is simple:
Can buyers reclaim $5.50â$6.20 and actually hold it on the retest? đ
Thatâs the zone Iâm watching for a potential shift in the weekly structure.
For the bullish setup to stay valid:
đą $3.80â$4.50 â needs to become support
đ $5.50â$6.20 â major resistance / breakout zone
đŻ $8 â first major upside test
đŻ $12 â next target
đ„ $20.60 â historical high
đ $22 â potential cycle extension
From around $4.969, a move to $22 would represent roughly 343% upside.
But Iâm not assuming it happens.
â ïž A weekly close below $3.80 would significantly weaken the bullish structure.
For now, $5.50â$6.20 is the zone that could change the entire weekly picture. đđ
