$NEAR

NEAR Market Analysis

Since breaking through the 50-day moving average (4.71) on November 11, momentum has exploded and the short-term trend has directly turned to bulls.

Key resistance and support

Currently, NEAR has hit the key resistance level of 6.45, which is a barrier that bulls need to break through. If it breaks through 6.45, the price will most likely go straight to 7.70, or even 8.997!

But don't be careless. If the price falls from the current level and falls below the 20-day moving average (5.0), the market may enter a volatile mode, hovering between 6.45-3.49.

Technical analysis

RSI overbought: The current RSI is in the overbought zone, indicating that bulls are still dominant, but it also reveals that the upward momentum may be weakened.

Negative divergence: The RSI and price trends are inconsistent, which suggests that there may be a pullback.

Key moving average: If it falls below and closes below the 20-day moving average, it will trigger a sell-off. NEAR may retreat to the 50-day moving average, or even test the solid support of 5.0.

Brothers, this time NEAR's trend has both the opportunity to break through and the risk of shocks. The strategy is simple: keep a steady mind, follow the breakthrough, and absorb the callback. Don't rush to chase the rise and sell the fall. I hope everyone can make a steady profit with NEAR! ✨