đHAVE A LOOK ON #NEAR/USDT ANALYSIS UPDATE đđ«
#NEAR could be on the verge of a significant breakout. The price action is showing some exciting developments, and itâs time to pay close attention.
đ#NEARUSDT has honored the strong support at key levels and is now starting to shift momentum toward a bullish direction.
đCurrently, NEAR is approaching the descending resistance around the $4.80 mark. This resistance has acted as a barrier since mid-May, preventing any major upward moves. However, bulls are now in a prime spot to break past this level. Once they succeed in breaking this level, NEAR could enter a strong bullish phase, with an initial target set at $5.10, followed by a further move toward the $6.05 to $6.40 resistance zone.
đAdditionally, NEAR has successfully reclaimed the EMA-50 level at $4.40, which now serves as a trailing support for the price. Below this, a minor support at $4.28 acts as a safety net to contain any potential bearish moves. As long as these support levels hold, the bulls are likely to outperform the sellers and maintain control.
đOn the top of that, NEAR may also benefit from the emerging AI narrative, which could provide further bullish momentum as the market shifts focus toward AI-related projects.
- Key Levels to Watch:
- Support: 4.0-4.1 USDT
- Resistance: 6.0 USDT and above
- Technical Analysis:
- RSI is extremely low, below 30, indicating a potential buy opportunity Âł
- CCI indicator is overbought, over 100, indicating a potential pullback
- Trade Ideas:
- Buy above 5.5 USDT, target 6.5 USDT
- Sell below 4.0 USDT, target 3.5 USDT
- Recent Developments:
- NEAR breaks out of a symmetrical triangle on the 1D timeframe, indicating a potential 100-120% move in the midterm âŽ
- Resistance of channel is broken on the daily timeframe, indicating a bullish trend reversal.
Patience is key here, Paradisers. Donât get caught chasing. Wait for the highest probability opportunities.
Feel the successđŽ
