NEAR/USDT Tests Key Support
$NEAR




#NEAR/USDT is trading at $3.737, reflecting a slight increase of +0.48%. The price is hovering around the VWAP level at $3.712, showing consolidation near the support area. The 200-period moving average is positioned above at $4.112, suggesting that the asset is still under bearish control as it struggles to break above this long-term resistance.
The RSI stands at 50.19, indicating neutral momentum, with neither overbought nor oversold conditions, which suggests that the price could move in either direction depending on external factors or increased trading volume.
The MACD displays a weak bullish crossover with the MACD line at 0.023 slightly above the signal line at -0.047

Support: The immediate support is at $3.70, where the price has bounced multiple times in recent trading sessions. If this level holds, it could act as a base for a bullish push toward the resistance.Resistance: The first significant resistance is at $4.00, and a break above this level would lead the price to test the 200-period MA at $4.112.

The price has been moving within a consolidation zone between $3.50 and $4.00, as shown in the second chart, forming a clear range. A breakout from this range, either upwards or downwards, will likely define the next trend for NEAR/USDT.

NEAR/USDT is range-bound between $3.50 and $4.00, with the current support at $3.70 holding well. Traders should watch for a breakout from this range to determine the next significant move. A breakout above $4.00 could signal a bullish reversal, targeting $4.112 and higher levels, while a break below $3.50 could result in further bearish momentum. Volume and market sentiment will be key factors to monitor.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
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