๐ Technical Analysis
โ NEAR returned to the distribution area and pierced the nineโmonth descending channel.
โ Price is testing the lower boundary of the zone; a 4โฏh close over that level should carry the token toward the $3 andโif momentum persistsโthe $5.0 supply. A slide beneath $1.80 voids the setup.
๐ก Fundamental Analysis
โ The upcoming ChainโAbstraction upgrade and $20โฏM Horizon accelerator are drawing builders back to NEAR; GitHub activity is up 27โฏ% MoM.
โ Alibaba Cloudโs May partnership brings scalable RPC and staking services, expanding institutional access.
โ Bitwise throws spot NEAR ETF in race for SEC approval.
โจ Summary
Breakout plus fresh ecosystem funding and infrastructure support a shortโterm long bias: targets $3โฏโโฏ$5; invalidate below $1.8.
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โ Buy and Trade here on $NEAR