๐ $NEAR โ Is this the move that finally takes it beyond $5? ๐
$NEAR has bounced back strongly, gaining around 26% as Bitwiseโs NEAR ETF cleared a major NYSE Arca listing hurdle. The market is reacting not only to the ETF news, but also to growing Near Intents activity, with TVL reaching a new high near $249M.
From a traderโs perspective, $5 is the key battlefield. NEAR is still forming higher highs and higher lows inside an ascending structure, but profit-taking has appeared after the move toward $5.20. RSI also cooled from 66 to 61, showing momentum has eased.
๐ Bullish case: Holding $5 could open the door toward $8โ$9 if ETF momentum continues.
๐ Bearish case: Losing support could trigger a pullback toward $4.50.
The interesting part? The ETF catalyst could turn this resistance into the next breakout zone. ๐
Would you watch $NEAR for an $8โ$9 move? ๐
$NEAR has bounced back strongly, gaining around 26% as Bitwiseโs NEAR ETF cleared a major NYSE Arca listing hurdle. The market is reacting not only to the ETF news, but also to growing Near Intents activity, with TVL reaching a new high near $249M.
From a traderโs perspective, $5 is the key battlefield. NEAR is still forming higher highs and higher lows inside an ascending structure, but profit-taking has appeared after the move toward $5.20. RSI also cooled from 66 to 61, showing momentum has eased.
๐ Bullish case: Holding $5 could open the door toward $8โ$9 if ETF momentum continues.
๐ Bearish case: Losing support could trigger a pullback toward $4.50.
The interesting part? The ETF catalyst could turn this resistance into the next breakout zone. ๐
Would you watch $NEAR for an $8โ$9 move? ๐
