MyCryptoParadise

NEAR/USDT Indicating Continue Upward Trajectory and Breakout!

BINANCE:NEARUSDT   NEAR / TetherUS
πŸ’Ž NEAR has recently demonstrated significant market dynamics. Currently, it is encountering a major resistance area, where it was previously rejected.

πŸ’Ž If NEAR manages to successfully break out above this resistance, it could signal a continuation of the upward movement, potentially reaching our target area.

πŸ’Ž However, if NEAR fails to break out above the major resistance soon, there is a possibility of price rejection, leading to a gradual decline towards the support area around $4.6. This is particularly significant as NEAR has not yet retested this level after making a significant breakout previously.

πŸ’Ž The support area holds crucial importance for NEAR, as a bounce from here would be necessary to attempt another breakout above the major resistance. If NEAR fails to hold the support and breaks down below it, this would be considered a bearish sign.

πŸ’Ž In such a scenario, NEAR could continue its downward trajectory towards the Bullish OB area, or even lower if it fails to bounce from the Bullish OB.






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