$NEAR Short Liquidation Alert.

$2.2713K Liquidated at $4.998.

A massive short liquidation just hit the market, sending shockwaves across traders.

What Happened? A significant $2.2713K worth of short positions was liquidated when $NEAR crossed the $5.025 mark. This sudden spike could be a result of heavy buying pressure, causing short traders to get squeezed out and triggering a massive cascade of liquidations.

Key Takeaways:

Liquidation Size: $2.2713K

Liquidation Price: $5.025

Impact: When short positions get liquidated, it can lead to further buying momentum, potentially driving prices even higher as liquidations fuel buying demand.

What to Watch Next:

Support Levels: Traders will be looking at $5.025 as a key level of support after this liquidation event. A retest could indicate whether the rally has legs or if a pullback is on the way.

Resistance: Watch for any resistance near $5.50 - $6.00; if $NEAR breaks through this zone, it could lead to a strong continuation to the upside.

Market Sentiment: The massive short squeeze is definitely turning heads, and there might be more liquidations ahead if the rally continues. Bulls are in control right now, but always stay cautious—volatility is the name of the game.

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