$NEAR just broke a ceiling that rejected it twice. Real breakout, or a trap? 👀
📊 Price: ~$5.75-$5.83 (up about 3-10% in 24h, +117% on the month)
🔑 Support: $5.30-$5.38, then $4.90
🚧 Resistance: $5.90, then $6.48
🎯 Target: $6.20-$6.48 if $5.90 breaks
🛑 Invalidation: close below $4.90
The catalyst: NEAR's quantum-resistant upgrade is nearing main net, and trading volume on its Intents product has passed $33B.
The setup: price had failed near $5.56 in late September and $5.65 in early October. Buyers have now pushed above that zone, and NEAR trades above its major moving averages.
A daily close above $5.90 with volume would confirm the move. Falling back below $5.30 would turn it into a failed breakout.
⚠️ After a 117% month, pullbacks are normal. Use small size and avoid leverage.
Are you bullish or bearish on $NEAR ? Drop your take 👇
@Ismeidy @Zetoshi X @Binance Announcement
📊 Price: ~$5.75-$5.83 (up about 3-10% in 24h, +117% on the month)
🔑 Support: $5.30-$5.38, then $4.90
🚧 Resistance: $5.90, then $6.48
🎯 Target: $6.20-$6.48 if $5.90 breaks
🛑 Invalidation: close below $4.90
The catalyst: NEAR's quantum-resistant upgrade is nearing main net, and trading volume on its Intents product has passed $33B.
The setup: price had failed near $5.56 in late September and $5.65 in early October. Buyers have now pushed above that zone, and NEAR trades above its major moving averages.
A daily close above $5.90 with volume would confirm the move. Falling back below $5.30 would turn it into a failed breakout.
⚠️ After a 117% month, pullbacks are normal. Use small size and avoid leverage.
Are you bullish or bearish on $NEAR ? Drop your take 👇
@Ismeidy @Zetoshi X @Binance Announcement