$NEAR just reclaimed $5 with a 10% bounce. But something doesn't add up. 👀
NEAR ran from about $4.54 to a high near $5.44 in 24 hours on strong volume (about $205M on Binance spot). The catch: futures open interest dropped nearly 10% at the same time, which means fewer traders are betting on the move.
🟢 Support: $5.05 (the 20-day average sits right there)
🔴 Resistance: $5.90 (the Oct 11 high)
My view: [breakout/trap/waiting] because [one reason].
Is this a real breakout or a squeeze that fades? Drop your target 👇
#NEAR #NEARProtocol #Binance
NEAR ran from about $4.54 to a high near $5.44 in 24 hours on strong volume (about $205M on Binance spot). The catch: futures open interest dropped nearly 10% at the same time, which means fewer traders are betting on the move.
🟢 Support: $5.05 (the 20-day average sits right there)
🔴 Resistance: $5.90 (the Oct 11 high)
My view: [breakout/trap/waiting] because [one reason].
Is this a real breakout or a squeeze that fades? Drop your target 👇
#NEAR #NEARProtocol #Binance