NEAR is attempting to break out of a long-standing descending triangle. After a previous fakeout near the $2.70 zone, the price is again testing the upper trendline with strong momentum.
Chart Overview:
Price crossing the resistance of the descending structure.
Strong support held at $2.01 and $2.24 zones.
Volume is gradually increasing on breakout attempts.
RSI pushing higher, indicating building bullish momentum.
Trade Setup (on Break & Retest):
Entry: Wait for breakout and retest around $2.24–$2.28 zone
Stop Loss: Below $2.01
Targets:
Target 1: $2.44
Target 2: $2.70
Target 3: $2.97
Risk-Reward Estimate:
Approximately 2.5–3.5x RR depending on retest depth.
If NEAR reclaims $2.44 with conviction, this could trigger a sustained move toward $3+.
Watch BTC stability before entering.
DYOR | Not financial advice