$NEAR — Bulls Testing the Liquidity Zone 🟢
NEAR recorded the largest liquidation in this tape, with nearly $46.97K in short positions liquidated around $5.1668. The move is consistent with short-squeeze pressure, but price still needs to overcome overhead supply. Recent technical coverage has identified the $5.30–$5.65 region as an important resistance area. citeturn601786search2
Support: $5.00–$5.10
Resistance: $5.30–$5.65
Next Target: $6.00, followed by $6.30 if momentum strengthens
Confirmation: A sustained breakout above $5.65 would support a bullish continuation scenario. Failure to hold $5.00 could shift attention toward lower liquidity.
Let's go $NEAR 🚀
#NEAR #NEARProtocol #CryptoTrading #Liquidity
NEAR recorded the largest liquidation in this tape, with nearly $46.97K in short positions liquidated around $5.1668. The move is consistent with short-squeeze pressure, but price still needs to overcome overhead supply. Recent technical coverage has identified the $5.30–$5.65 region as an important resistance area. citeturn601786search2
Support: $5.00–$5.10
Resistance: $5.30–$5.65
Next Target: $6.00, followed by $6.30 if momentum strengthens
Confirmation: A sustained breakout above $5.65 would support a bullish continuation scenario. Failure to hold $5.00 could shift attention toward lower liquidity.
Let's go $NEAR 🚀
#NEAR #NEARProtocol #CryptoTrading #Liquidity