$NEAR: Bullish Trend, Bearish Pullback. Where Do We Stand? đ
NEAR is trading around $4.71, down about 7.4% in 24 hours, with $1.12B in volume. It is also down roughly 13% from a week ago.
The bigger picture is strong. NEAR was trading around $1.22 in April. At about $4.71 now, that is nearly a 4x move in six months. Even so, the all-time high is $20.44, so there is still a long way to the top. (mexc) (metamask)
The short-term picture is shaky. The 24-hour range was $4.63 to $5.15, and early October saw NEAR swing between about $4.33 and $5.55. That is a choppy range, and today's drop puts price near the bottom of it. (bybit)
Levels I'm watching:
đą Support: $4.60 to $4.30. If this holds, the uptrend stays alive.
đŽ Resistance: $5.15 to $5.50. A daily close above $5.50 would be a strong bullish signal.
â ïž If $4.30 breaks, expect a deeper correction before any new rally.
My take: After a big run, a pullback is normal and healthy. I'm bullish on the trend but neutral for now. I'd wait for NEAR to hold support or break resistance before getting aggressive.
â ïž This is my personal opinion, not financial advice. Crypto is very volatile, so do your own research and only risk what you can afford to lose.
#NEAR #NEARProtocol #Crypto #Altcoins #TechnicalAnalysis
NEAR is trading around $4.71, down about 7.4% in 24 hours, with $1.12B in volume. It is also down roughly 13% from a week ago.
The bigger picture is strong. NEAR was trading around $1.22 in April. At about $4.71 now, that is nearly a 4x move in six months. Even so, the all-time high is $20.44, so there is still a long way to the top. (mexc) (metamask)
The short-term picture is shaky. The 24-hour range was $4.63 to $5.15, and early October saw NEAR swing between about $4.33 and $5.55. That is a choppy range, and today's drop puts price near the bottom of it. (bybit)
Levels I'm watching:
đą Support: $4.60 to $4.30. If this holds, the uptrend stays alive.
đŽ Resistance: $5.15 to $5.50. A daily close above $5.50 would be a strong bullish signal.
â ïž If $4.30 breaks, expect a deeper correction before any new rally.
My take: After a big run, a pullback is normal and healthy. I'm bullish on the trend but neutral for now. I'd wait for NEAR to hold support or break resistance before getting aggressive.
â ïž This is my personal opinion, not financial advice. Crypto is very volatile, so do your own research and only risk what you can afford to lose.
#NEAR #NEARProtocol #Crypto #Altcoins #TechnicalAnalysis