$NEAR

Moving Averages

200-period Simple Moving Average (SMA):

Level: The 200-period SMA on the 4-hour chart is approximately 4.511 USDT.Current Price Position: NEAR/USDT is trading slightly below the 200-SMA level (current price: 4.211 USDT), which reflects a mild bearish sentiment. A breakout above this SMA could signal a bullish reversal, while rejection near this level would reinforce the existing bearish trend.

Relative Strength Index (RSI)

Current Level: The RSI is around 60.64, slightly above the neutral 50 level.Interpretation: This RSI level suggests moderate bullish momentum. It is not yet in overbought territory (70+), which implies that there may still be room for additional upside movement. However, any further increase could bring it closer to overbought levels, which may limit upward potential.

Moving Average Convergence Divergence (MACD)

MACD Line: 0.093Signal Line: 0.084Status: The MACD line is above the signal line, indicating bullish momentum.Histogram: The histogram is in positive territory, reflecting upward momentum. However, the distance between the MACD and the signal line is not extensive, suggesting mild momentum rather than a strong trend.

Support and Resistance Levels

Immediate Resistance: 4.500 – The 200-SMA level, which acts as a significant resistance barrier.Local Support: 4.000 – A minor support level providing stability if the price retraces.Key Support: 3.500 – A stronger support level that may act as a solid floor if the price declines further.

Bullish/Bearish Scenarios

Bullish Scenario: If NEAR/USDT breaks above the 4.500 resistance level and holds above the 200-SMA, it could confirm a potential bullish reversal with upside targets toward 5.000.Bearish Scenario: A breakdown below 4.000, especially if accompanied by declining volume, would suggest a loss of bullish momentum, potentially targeting the key support at 3.500.