$NEAR /USDT Technical Analysis
Current Price: $5.131 (+0.86%)
24H Range: $4.876 - $5.219
Volume: 13.02M NEAR
Key Insights:
$NEAR/USDT is trading near the $5.13 level, indicating consolidation within the $5.00 - $5.20 range.
A breakout above $5.20 could signal renewed bullish momentum, while support at $5.00 is crucial to maintain the uptrend.
🎯 Targets:
1. Target 1: $5.20
Rationale: Immediate resistance; achievable with sustained buying pressure.
Action: Partial profit-taking is recommended.
2. Target 2: $5.30
Rationale: Next significant resistance zone with bullish continuation potential.
Action: Hold positions above $5.20 for further upside.
3. Target 3: $5.50
Rationale: Psychological level, marking a strong bullish breakout if reached.
Action: Full profit-taking is advised at this level.
🔑 Strategy:
Stop Loss: Place below $5.00 to minimize downside risk.
Indicators to Watch: Monitor RSI and MACD for bullish signals and volume to confirm breakout above $5.20.
