๐จ $NEAR
: OLD RESISTANCE, NEW BATTLE!
$NEAR is pushing into a major historical zone around $3.80โ$4.30, an area that has acted as both support and resistance over the years.
The key confirmation? ๐
A weekly close above $4.30, followed by a successful retest where buyers defend the breakout.
If that happens, attention could shift toward $5โ$6, followed by the descending trendline from the 2024 highs.
A clean breakout there could put $7.50โ$9 back on the radar.
But rejection could send $NEAR toward $2.50โ$3, with the deeper cycle base around $1โ$1.40.
The bounce is strongโbut the macro downtrend still needs to be broken.
DYOR. NFA. โ ๏ธ
: OLD RESISTANCE, NEW BATTLE!
$NEAR is pushing into a major historical zone around $3.80โ$4.30, an area that has acted as both support and resistance over the years.
The key confirmation? ๐
A weekly close above $4.30, followed by a successful retest where buyers defend the breakout.
If that happens, attention could shift toward $5โ$6, followed by the descending trendline from the 2024 highs.
A clean breakout there could put $7.50โ$9 back on the radar.
But rejection could send $NEAR toward $2.50โ$3, with the deeper cycle base around $1โ$1.40.
The bounce is strongโbut the macro downtrend still needs to be broken.
DYOR. NFA. โ ๏ธ
