NEAR Protocol (NEAR) - 4-Hour Technical Analysis

Pattern Observed: Symmetrical Triangle

Current Price: $6.23

Resistance Levels (Upper Trendline):

$6.30 (Immediate)

$6.50 (Next Target After Breakout)

Support Levels (Lower Trendline):

$6.10 (Immediate)

$5.85 (Next Support If Broken)

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Analysis Breakdown

Bullish Scenario

1. If NEAR breaks above $6.30 with high volume:

Short-Term Target: $6.50

Mid-Term Target: $6.75

2. Indicators to Watch:

RSI crosses above 50.

Volume increases significantly during breakout.

Bearish Scenario

1. If NEAR breaks below $6.10:

Short-Term Target: $5.85

Mid-Term Target: $5.70

2. Indicators to Watch:

RSI drops below 40.

Weak volume confirms sell pressure.

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Recommendation

Buy Entry: Above $6.30 for a bullish trend.

Sell Entry: Below $6.10 for a bearish trend.

Stop Loss:

Bullish trade: $6.20

Bearish trade: $6.15

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