NEAR has developed a double bottom pattern, a classic reversal setup that is starting to appear on a number of altcoins. This structure often signals a potential trend change, but the key lies in how NEAR handles the $4.15 to $4.35 resistance range.
NEAR is currently attempting to break above this crucial zone, which has acted as both support and resistance in the past. A clear breakout above $4.35 would significantly strengthen the bullish case and could trigger a move towards $5 and potentially beyond.

Key technical levels:
- $4.15–$4.35: This is the immediate barrier. Upside potential remains limited until NEAR makes a decisive close above this range.
- $5 Target: If NEAR breaks above $4.35, the next logical stop is $5, a psychologically based level and a technical pivot from earlier this summer.
- EMA200: At around $4.9, the EMA200 poses another challenge. The last time NEAR approached this moving average, it was rejected. Breaking above this level will be crucial for a sustained bullish move.

In case of price increase:
The double bottom pattern and improving price action hint at a potential breakout. If the overall crypto market turns bullish, NEAR could benefit from this momentum and break above $5, making it an attractive play. The chart is showing some constructive signs, but patience is needed.

Warning:
Until NEAR breaks above $4.35 clearly, the setup remains fragile. Entering before this area is broken would be risky, especially as the EMA200 is emerging as a key resistance level. Now we have to wait - the signal will come when we see confirmation above $4.35.
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