$NEAR is stuck under every moving average, deeply oversold, and a token issuance vote closes in five days. đš
Price is around $4.50 to $4.60, about 75% below its all-time high and well off its October peak near $6. The daily stochastic is deep in oversold territory, but open interest keeps fading, so I'm not calling a bottom. đ
Levels I'm watching:
đŁ $4.93: 20-day average, the key ceiling
đŽ $4.70: 7-day average, first hurdle for bulls
đą $4.36: support, break it and momentum turns
â ïž Lose $4.25 and the lower band gives way, with $3.42 in view
The catalyst: House of Stake's vote to cut annual issuance from 2.5% to 1.6% closes on November 2, and a spot NEAR ETF logged about $1M in inflows on October 23.
My plan: no catching the knife. I want a daily close above $4.70 before I get bullish, and I'm out if $4.25 breaks.
Oversold bounce or more downside? đ
#NEAR #NEARProtocol #Crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Zetoshi X
Price is around $4.50 to $4.60, about 75% below its all-time high and well off its October peak near $6. The daily stochastic is deep in oversold territory, but open interest keeps fading, so I'm not calling a bottom. đ
Levels I'm watching:
đŁ $4.93: 20-day average, the key ceiling
đŽ $4.70: 7-day average, first hurdle for bulls
đą $4.36: support, break it and momentum turns
â ïž Lose $4.25 and the lower band gives way, with $3.42 in view
The catalyst: House of Stake's vote to cut annual issuance from 2.5% to 1.6% closes on November 2, and a spot NEAR ETF logged about $1M in inflows on October 23.
My plan: no catching the knife. I want a daily close above $4.70 before I get bullish, and I'm out if $4.25 breaks.
Oversold bounce or more downside? đ
#NEAR #NEARProtocol #Crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Zetoshi X
