$NEAR (4h) - overview
After the breakdown of the structure at around $3.00, a weak high (Weak High) was formed around $3.40, which can be used as a target for a possible upward momentum.
🔥 The first key resistance level is the $3.20-3.30 zone. A #consolidation above these levels could see price heading for a weak high update at $3.40.
➡️ If the $2.90 zone is broken down, it could increase the #selling pressure. In this case, the next support is in the area of $2.70-2.60, and if it is broken, the price may decline down to the area of $2.30-2.20.
This scenario is possible if the asset fails to recover above $3.00 and continues to form declining highs, indicating the weakness of buyers and a possible change of the trend to a downtrend.
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