$NEAR /USDT - 1-hour frame
• Current price: 6,064 USDT, down 1.37% in the last 24 hours.
Volatility: Highest price in 24 hours is 6,389 USDT, lowest is 5,694 USDT.
Important resistance: 6,389 USDT.
Strong support: 5,953 USDT.
Technical analysis:
1. EMA (9, 21): Price is fluctuating around EMA9 and EMA21, it is unclear whether the trend is up or down.
2. Bollinger Bands: Price is close to the middle line (MB) of Bollinger Bands, the amplitude is narrowing, there is a possibility of an early breakout.
3. MACD: DIF and DEA are close to each other at 0, there is no clear signal about the trend.
4. RSI (14): Currently RSI is at 56.85, neutral zone, no signs of overbought or oversold.
Trading scenario:
• Uptrend: If price breaks through 6,389 USDT, the next target could be 6,522 USDT.
• Downtrend: If price breaks through support at 5,953 USDT, there is a possibility of a deep drop to 5,795 USDT.
Strategy:
• Wait for a clear breakout signal from Bollinger Bands to decide on the entry point.
• Monitor RSI and MACD indicators to confirm the trend.