⚡$NEAR : A MULTIYEAR RESET COULD REOPEN $20
NEAR’s weekly chart is rebuilding the right side of a potential macro W, with the 2023 and 2026 bases near $1.
The first test is $5.8–$6.2, but the pattern needs a sustained weekly reclaim of the $8–$9 neckline.
A confirmed breakout and successful retest would imply an approximate measured move toward $15–$17.
Beyond that, $19.5–$21 brings the old cycle high back into focus.
A weekly loss of $4 would weaken the local recovery; losing the $0.9–$1.2 base would undermine the macro W.
NEAR’s weekly chart is rebuilding the right side of a potential macro W, with the 2023 and 2026 bases near $1.
The first test is $5.8–$6.2, but the pattern needs a sustained weekly reclaim of the $8–$9 neckline.
A confirmed breakout and successful retest would imply an approximate measured move toward $15–$17.
Beyond that, $19.5–$21 brings the old cycle high back into focus.
A weekly loss of $4 would weaken the local recovery; losing the $0.9–$1.2 base would undermine the macro W.