Analysis $NEAR 11/16/2024
#NEAR, we finally had some good price action here, see that even though we broke the green band on the chart downwards, we still recovered quickly and jumped to $6.04.
This recovery of NEAR is a clear example of what I expect for most of the strongest Altcoins, and notice that this movement is already happening in many altcoins.
We had a great recovery from the 50/ 100/ 200/ EMAs in the 4h, and we should now continue to the closest resistance at $8.
Notice that we still haven't had a break from the dominance of #btc , but we still managed a good performance, which should continue next week.
Any pullback here, we should keep the price above $5.60 and we will soon be working on the orange band on the chart.
The orange band is where I expect slower action, but I still think we will break that band, coinciding with other altcoins that will do the same.
I remain optimistic about NEAR and #altcoin in general!
(This is one of those coins that will not make you rich in the first 2 years, but it will certainly give you a good profit if bought at these prices and held).
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
