The $NEAR /USDT chart reveals a symmetrical triangle pattern, often a precursor to explosive price movement. With price consolidating near $6.60, resistance lies at $6.64, and support is anchored at $6.51. EMA ribbons below the price reflect dynamic support, reinforcing a bullish setup. However, the Stochastic RSI, currently in overbought territory, signals the potential for a short-term pullback before resuming upward momentum. A confirmed breakout could push prices toward a target of $7.87, provided thereās sufficient volume to sustain the move. This chart is a strong contender for bullish actionākeep it on your radar! š
Near Coin Chart Analysis
A cup-and-handle pattern on the Crypto Total Market Cap (Excluding Top 10) chart suggests a powerful bullish continuation. The neckline, recently breached near $334B, reinforces an upward trend. EMA ribbons continue to offer solid support, while the RSI reading of 69 reflects strength, though a slight consolidation may occur before further gains. This pattern aligns with NEAR/USDT's bullish structure, as broader market sentiment often fuels individual altcoinsā growth. With a long-term trajectory pointing higher, this setup encourages traders to monitor volume surges and handle formation closely. š
Additional Insights
A liquidation heatmap for NEAR/USDT reveals significant liquidity clusters between $6.6 and $6.9, indicating strong buy-side absorption of selling pressure. This behavior strengthens the case for upward movement, as buyers continue to dominate.
Trade Setup:
Entry: $6.753 or Market Price
Target 1: $7.001
Target 2: $7.286
Target 3: $7.618
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