#NEAR HOLDING MAJOR SUPPORT AT 2.8-3.6: THE NEW MAJOR KEY LEVELS
NEAR in its long-term aspect, is now in its markup phase for its bullish market structure. Right now, it's trying to look for higher lows to further establish a great major support for the upcoming continuation of its rally. We can see the key levels 2.6 & 3.3 as a major stronghold for its demand sentiment. Take a look at its ATH for this year which has hit the 9 price mark. This further indicates the attempt of buyers to take the prices to more than half the previous ATH which was 22. As more demands pop-up we can safely assume higher intensity/pressure for a major breakout.
Update for NEAR September 2024:
NEAR has already stayed on top of the major resistance that was broken last December 2023. This proves the existence of a newly established support with the intention of buyers to continue the price rally. Once the market's bullish sentiment continues, there should be no breakdowns happening on this newly established support. However, we're also not denying the fact that there is a possibility for a retracement towards below the newly established support right at 1.86-2.5. Nonetheless, it's wise to observe patiently what will be the reaction of this token that everyone's rooting for.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
