$NEAR is consolidating at the midpoint of its 24h range, but the volume at these levels is higher than usual.
- $NEAR is trading within a tight range, bouncing between $1.50 and $1.60.
- The 24h change is only 0.5%, but the volume at the current levels is 2.5x higher than the average daily volume.
- This suggests that traders are accumulating at these levels, looking for a breakout.
The current consolidation is more interesting than it seems. The higher volume at these levels indicates that traders are not just holding but actively buying.
What traders should watch next is whether this accumulation leads to a breakout or if the price reverses back down. The key levels to monitor are $1.50 and $1.60, as well as the 20-day moving average around $1.45.
What are you looking for in $NEAR right now?
Current read: $NEAR , spot tape.
#near #cryptotrading #spottrading #cryptomarket
- $NEAR is trading within a tight range, bouncing between $1.50 and $1.60.
- The 24h change is only 0.5%, but the volume at the current levels is 2.5x higher than the average daily volume.
- This suggests that traders are accumulating at these levels, looking for a breakout.
The current consolidation is more interesting than it seems. The higher volume at these levels indicates that traders are not just holding but actively buying.
What traders should watch next is whether this accumulation leads to a breakout or if the price reverses back down. The key levels to monitor are $1.50 and $1.60, as well as the 20-day moving average around $1.45.
What are you looking for in $NEAR right now?
Current read: $NEAR , spot tape.
#near #cryptotrading #spottrading #cryptomarket