$NEAR has rebounded sharply from the $4.50–$4.65 demand zone and is now trading around $5.288 on the 1-hour chart. Buyers have regained short-term momentum, pushing price back above $5.00 after the recent decline.
A continuation toward $5.80–$6.00 resistance is possible if the current recovery holds. However, price may face selling pressure as it approaches this supply zone, making the reaction there important.
If #NEAR gets rejected, a pullback toward $4.50–$4.65 could follow. For now, the recovery is encouraging, but buyers need to sustain the momentum to challenge the upper resistance zone.
#Altcoin Season# #Crypto
A continuation toward $5.80–$6.00 resistance is possible if the current recovery holds. However, price may face selling pressure as it approaches this supply zone, making the reaction there important.
If #NEAR gets rejected, a pullback toward $4.50–$4.65 could follow. For now, the recovery is encouraging, but buyers need to sustain the momentum to challenge the upper resistance zone.
#Altcoin Season# #Crypto