$NEAR
massive rally but it's stretched thin
This one's a real breakout price ripped from about 2.29 up to 3.43 in a couple days that's roughly +50%.
But check the RSI: 97 on the 6-period and 88 on the 14-period. That's deep into overbought territory like about as extreme as RSI gets. Volume's also climbing alongside price, which confirms real interest not just a fakeout but parabolic moves like this with RSI pinned near 90-100 usually cool off or pull back before continuing they rarely just keep going vertical.
Honest take: the AVA short is a case of calling a top too early in a strong uptrend risky. The NEAR chart shows genuine momentum but is due for at least a breather given how overbought it is. Neither of these are financial advice just what the charts are actually saying worth doing your own risk management either way since crypto can obviously keep ripping past "overbought" for a while.
#Market_Update #priceanalysis
massive rally but it's stretched thin
This one's a real breakout price ripped from about 2.29 up to 3.43 in a couple days that's roughly +50%.
But check the RSI: 97 on the 6-period and 88 on the 14-period. That's deep into overbought territory like about as extreme as RSI gets. Volume's also climbing alongside price, which confirms real interest not just a fakeout but parabolic moves like this with RSI pinned near 90-100 usually cool off or pull back before continuing they rarely just keep going vertical.
Honest take: the AVA short is a case of calling a top too early in a strong uptrend risky. The NEAR chart shows genuine momentum but is due for at least a breather given how overbought it is. Neither of these are financial advice just what the charts are actually saying worth doing your own risk management either way since crypto can obviously keep ripping past "overbought" for a while.
#Market_Update #priceanalysis
