Market Analysis: AVAX & NEAR Protocol — Key Levels to Watch
🔎 AVAX (Avalanche)
Current Price: $20
Resistance Target: $24
Major Support: $16
Mini Support: $20 (Key level to hold)
AVAX has been consolidating around the $20 zone for the past two weeks, failing to break higher but also not breaking lower. This $20 mark now acts as a critical mini support — if price stays above $20 (meaning no two 4-hour candles closing below it), we can expect a bullish move towards $24. However, if $20 is broken decisively, the next stop is likely around the strong support of $16.
📊 Trade Setup (AVAX):
Buy Entry: Above $20 with confirmation (no close below $20)
Target 1: $24
Stop Loss: Close below $19.80 (two 4H candle rule)
---
🔎 NEAR (Near Protocol)
Current Price: $2.35
Resistance Target: $2.70
Psychological Support: $2.00
Major Support: $1.90
NEAR is also stuck in a mid-range like AVAX. Safe strategy is to wait for it to drop to the $2.00 zone before considering fresh longs. A break above $2.70 would open more upside. If NEAR loses $2.00 for more than two days, it could signal a bearish trend.
📊 Trade Setup (NEAR):
Buy Entry: Near $2.00 with strong support hold
Target 1: $2.70
Stop Loss: Close below $1.95 (holding below $2 for 2 days)