Near is looking for a bottom

NEAR has been in a steady downtrend, printing lower highs under key moving averages. Every rally has been sold.

Now we are seeing a potential shift.

Price based near a high volume area and reclaimed short term averages after bouncing from support. That zone is acting as a key decision level.

Key points:

• Structure: First higher low attempt after months of downside.
• Momentum: Building, but not extreme.
• Resistance: Prior breakdown zone above could cap the move.

Hold support and this can extend into a relief rally. Lose it and this likely becomes another lower high in the broader trend.