$NEAR PROTOCOL (NEAR) REJECTING MOVING AVERAGE RESISTANCE ARE BEARS TARGETING $4.5221 NEXT?
Pair: $NEAR /USDT
Direction: SHORT
Entry Price: 5.3804
Target Levels (Take Profit)
TP 1: 5.0585 5.98%
TP 2: 4.844 9.97%
TP 3: 4.5221 15.95%
Stop Loss
đ SL: 5.8095
Technical Breakdown
NEAR ($5.3802) faced strong rejection following an aggressive parabolic spike, printing a topping wick that stalled out right at structural resistance. This price action confirms persistent seller defense and sets up a clean continuation toward lower targets.
Price action tested areas above short-term moving averages before facing heavy selling pressure, while remaining constrained beneath the macro baseline MA 99. The convergence of these levels acts as a dynamic barrier, restricting any further upside continuation.
RSI (14) has surged into extremely overbought territory and is beginning to curl, reflecting exhaustion in buying momentum and an incoming market reversal heavily favored by sellers. The MACD histogram bars display a sharp bullish expansion that is starting to flatten out, signaling that upside momentum is fading rapidly ahead of a bearish cross.
$NEAR
Pair: $NEAR /USDT
Direction: SHORT
Entry Price: 5.3804
Target Levels (Take Profit)
TP 1: 5.0585 5.98%
TP 2: 4.844 9.97%
TP 3: 4.5221 15.95%
Stop Loss
đ SL: 5.8095
Technical Breakdown
NEAR ($5.3802) faced strong rejection following an aggressive parabolic spike, printing a topping wick that stalled out right at structural resistance. This price action confirms persistent seller defense and sets up a clean continuation toward lower targets.
Price action tested areas above short-term moving averages before facing heavy selling pressure, while remaining constrained beneath the macro baseline MA 99. The convergence of these levels acts as a dynamic barrier, restricting any further upside continuation.
RSI (14) has surged into extremely overbought territory and is beginning to curl, reflecting exhaustion in buying momentum and an incoming market reversal heavily favored by sellers. The MACD histogram bars display a sharp bullish expansion that is starting to flatten out, signaling that upside momentum is fading rapidly ahead of a bearish cross.
$NEAR