π NEAR has recently demonstrated significant market dynamics. Currently, it is encountering a major resistance area, where it was previously rejected.
π If NEAR manages to successfully break out above this resistance, it could signal a continuation of the upward movement, potentially reaching our target area.
π 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.
π 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.
π 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.
π If NEAR manages to successfully break out above this resistance, it could signal a continuation of the upward movement, potentially reaching our target area.
π 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.
π 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.
π 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.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV