$NEAR moves within its descending channel. Although the downward trend persists, its intensity appears to be waning. This sets the stage for a potential bullish reversal.
Once manages to break out of the descending channel and successfully retests it, we can anticipate a significant upward momentum. This breakout could propel the price towards its first ambitious target of $8. Investors should keep a close eye on these key levels and the breakout signals, as they might herald a strong growth phase.
To ensure you don't miss out on a potential entry point, consider making an initial investment at the current price. Additionally, be prepared to employ a Dollar Cost Averaging (DCA) strategy if market conditions permit.
This approach allows you to enter the market now (below 7.250$) while also positioning yourself to take advantage of any further dips in price. By gradually averaging down your entry price, you can better manage risk and potentially enhance your returns as the market stabilizes and begins its anticipated upward movement
