Hey crypto traders! Let’s zoom into this 1-hour chart, because NEAR is serving up some serious action!
We’ve got a massive triangle forming, with the price squeezing tighter and tighter between converging trendlines. NEAR is currently dancing around $2.466, teasing a breakout after bouncing between resistance at $2.729 and support at $2.419. This pattern is a pressure cooker, and a big move is coming — will it soar to new highs or crash back down?
A bullish breakout above the upper trendline could propel NEAR past $2.610, potentially targeting $2.729 or higher! But if it fails to hold support at $2.540, we might see a dip toward $2.419 or even lower.
Key Levels to Watch:
Resistance: $2.610
Support: $2.540
Breakout Target: $2.729+
Breakdown Risk: $2.419
What’s your take — bullish surge or bearish pullback? Let’s hear your predictions below!