$NEAR Protocol is showing an interesting setup on the daily chart! ๐ฅ
Currently trading around $4.674, NEAR is up approximately 1.72% in the snapshot, but the next move will be important for traders watching this altcoin.
๐ What the chart is telling us:
๐ข Resistance Zone: $4.90โ$5.00
A strong breakout above this zone could open the door toward $5.20 and potentially a retest of $5.59.
๐ก Support Zone: $4.40โ$4.45
If buyers defend this area, NEAR could attempt another recovery. Losing this support may bring additional downside pressure.
๐ MACD: Momentum is weakening, with the MACD below its signal line, suggesting sellers still have some influence.
๐ RSI: Around 45, showing that momentum is not yet strongly bullish. A move back above 50 could improve the short-term outlook.
๐ฅ My NEAR Watchlist:
- Bullish scenario: A daily close above $5.00 with strong volume.
- Bearish scenario: A breakdown below $4.40.
- Key level to watch: $4.90โ$5.00.
๐ The big question is whether NEAR can reclaim $5 or face another correction first. The next daily candles and trading volume may provide a clearer signal.
No one can predict the next move with certainty. Patience, risk management, and confirmation matter more than hype.
๐ฌ What do you think? Can $NEAR break above $5 and target $5.59, or will sellers take control?
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