$NEAR Next target analysis:
For a short-term target on NEAR/USDT based on the chart:
1. Immediate Resistance Level:
The next target in a bullish scenario would be around 5.756 (the recent high marked on the chart).
If the price breaks above this level with good volume, it could aim for higher levels.
2. Support Level for a Downward Move:
On the downside, 5.119 acts as immediate support. If the price drops below this level, it could fall further to around 4.960 (the 24h low).
Breaking below 4.960 would indicate stronger bearish momentum, targeting levels around 4.380 as seen in the chart's structure.
3. Momentum Indicators:
The Stochastic RSI is near the oversold region, which might suggest a bounce if it crosses upward.
MACD histogram shows weak momentum, so keep an eye on any shift in momentum.
Short-Term Targets:
Bullish Target: 5.756 (if resistance is broken)
Bearish Target: 5.119, then 4.960 (if support breaks)
Monitoring the price action around these levels, along with volume, would provide a better indication of the next move.
