$NEAR is showing strong bullish momentum, trading around $2.747 after a sharp 17%+ 24H move. On the 1H chart, price is comfortably above MA(7) at $2.677, MA(25) at $2.545, and MA(99) at $2.421, keeping the short-term structure bullish.
However, RSI(6) is around 77, meaning momentum is strong but the market is entering an overbought zone. The immediate resistance is $2.752, followed by the psychological $2.80 area. A clean breakout could extend the move, while rejection may bring a pullback toward $2.67–$2.65, with deeper support near $2.54.
Volume has also expanded during the rally, which supports the breakout structure. Still, chasing after a vertical move carries higher risk. Watch how $NEAR reacts around resistance before making a decision.
Not financial advice.
#nearprotocol #Near
However, RSI(6) is around 77, meaning momentum is strong but the market is entering an overbought zone. The immediate resistance is $2.752, followed by the psychological $2.80 area. A clean breakout could extend the move, while rejection may bring a pullback toward $2.67–$2.65, with deeper support near $2.54.
Volume has also expanded during the rally, which supports the breakout structure. Still, chasing after a vertical move carries higher risk. Watch how $NEAR reacts around resistance before making a decision.
Not financial advice.
#nearprotocol #Near
