2 cent(@cryptohi)'s insights

NEAR/USDT TECHNICAL ANALYSIS – Price Targets 🎯 The NEAR tok

2 cent · 2024-11-20T16:37:23.000Z

NEAR/USDT TECHNICAL ANALYSIS – Price Targets 🎯 The NEAR token has been experiencing a downward movement recently, and a deeper look at the technicals reveals several key price levels to keep an eye on. 🔹 Current Price: $5,582 🔹 24h High: $6,016 🔹 24h Low: $5,485 🔹 24h Change: -4.40% Key Support and Resistance Levels 🛠️ 1️⃣ Target 1 – Support at $5.45 With the recent low trading activity and a consistent downward trend, $5.45 has become a crucial support level. If the price continues to consolidate here, we could see a pullback, creating a potential entry opportunity at a lower price. 2️⃣ Target 2 – Resistance at $5.80 Currently, the price is testing the $5.80 zone as a minor resistance. A break above this could indicate a shift towards a more neutral trend. A key level to watch! 3️⃣ Target 3 – Major Resistance at $6.00 The $6.00 level was the 24-hour high, but if NEAR manages to break above it, we could see some bullish momentum towards $6.20. This will be a significant area to watch for potential bullish moves. Momentum Analysis 📉 The market has shown negative momentum, as seen in the -6.016% depth and significant retracements over the past 24 hours. While there is potential for a short-term recovery, traders should remain alert for any trend reversals.