$NEAR dropped hard. Is the recovery strong enough?
From $5.632 to $4.30, NEAR lost nearly 24% before rebounding to $4.845. The bounce recovered roughly 12.7% from the low, but the 1H trend still needs repair.
The decline coincided with broader crypto selling as Bitcoin weakened.
RSI(14) recovered to 51, showing improving momentum. Price reclaimed the shorter moving averages but still sits below resistance near $4.89.
S1: $4.70–$4.75
S2: $4.50, followed by $4.30
R1: $4.89–$5.00
R2: $5.11, followed by $5.40
My view: A 1H close above $5.00 followed by a successful retest would strengthen the recovery toward $5.11. Rejection around $4.89–$5.00 and a loss of $4.70 would raise the risk of another support test.
Buyers have responded, but a bounce alone does not confirm a bottom. I’m watching support hold before chasing.
#Nearprice
From $5.632 to $4.30, NEAR lost nearly 24% before rebounding to $4.845. The bounce recovered roughly 12.7% from the low, but the 1H trend still needs repair.
The decline coincided with broader crypto selling as Bitcoin weakened.
RSI(14) recovered to 51, showing improving momentum. Price reclaimed the shorter moving averages but still sits below resistance near $4.89.
S1: $4.70–$4.75
S2: $4.50, followed by $4.30
R1: $4.89–$5.00
R2: $5.11, followed by $5.40
My view: A 1H close above $5.00 followed by a successful retest would strengthen the recovery toward $5.11. Rejection around $4.89–$5.00 and a loss of $4.70 would raise the risk of another support test.
Buyers have responded, but a bounce alone does not confirm a bottom. I’m watching support hold before chasing.
#Nearprice