2.8-3.6: THE NEW MAJOR KEY LEVELS FOR $NEAR HOLDING MAJOR SUPPORT
Given its positive market structure, NEAR is currently in its markup period from a long-term perspective. In order to further build a strong major support for the impending continuation of its rise, it is currently attempting to find higher lows. The crucial levels of 2.6 and 3.3 are evidently a significant support for the sentiment of demand. Examine this year's ATH, which has reached the 9 price point. This further suggests that purchasers are trying to drive prices down to more than half of the previous all-time high of 22. We can reasonably anticipate more pressure and intensity for a significant breakout as additional demands arise.
Near-December 2024 update:
The significant resistance that was breached in December 2023 has already been maintained by NEAR. This demonstrates the presence of a recently formed support with customers intending to sustain the price increase. There shouldn't be any breakdowns on this recently formed support as long as the market remains optimistic. We do not, however, discount the likelihood of a retracement below the recently formed support level, which is located between 1.86 and 2.5. However, it's prudent to watch carefully to see how this token, for which everyone is cheering, will respond.
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Stay wise, trade cautiously.
