$NEAR Liquidated Short: $102K at $6.148
A massive short liquidation of $102,000 occurred at the price level of $6.148 for NEAR.
Such liquidations often create volatility and impact market sentiment.
Key Details About NEAR:
$NEAR Protocol is a layer-1 blockchain focused on scalability and developer-friendly applications.
It competes with other smart contract platforms like Ethereum and Solana.
Next Move of NEAR:
After this liquidation, expect short-term volatility as traders react to this event.
$NEAR may face upward pressure if buyers regain control or downward movement if sellers dominate.
Support and Resistance Levels:
Support: $5.80
Resistance: $6.50
Recommendation:
If NEAR holds above $5.80, it may be a good buy for a short-term target of $6.50.
If it breaks below $5.80, wait for a clear trend before making a move.
Trade cautiously and monitor market conditions closely.