🚨🚨NEWS UPDATE🚨🚨
This is a weekly price framework for NEAR/USDT on Binance, with key price zones highlighted in purple and hand-drawn scenarios up and down as follows:
1. Strong support zone (~1.5–3 USD)
• The price has repeatedly touched the bottom around 1.5–3 USD in the second half of 2023 and early 2025, indicating solid buying pressure here.
• Liquidity in this zone has also increased, supporting the argument for a 'accumulation' price before a bounce.
2. First bounce up to ~8 USD
• In 2024, NEAR broke out from the accumulation zone and reached about 8 USD, then adjusted back. This serves as a reference for the possibility of the price 'testing' this price zone before continuing.
3. Technical scenario: Breakout and run towards the 12–15 USD zone
• If NEAR maintains the support zone of 1.5–3 USD and breaks out of the short-term resistance around 4 USD accompanied by a strong increase in volume, the hand-drawn price increase scenario (black arrow) could very well occur.
• The medium-term target indicated is the 12–15 USD zone, where many historical resistance zones are concentrated (peak late 2021).
4. Factors to monitor
• Trading volume: a 'clean' price increase needs to be accompanied by good volume to avoid false breakouts.
• News & ecosystem development: Roadmap, new DeFi or NFT projects on Near Protocol could activate cash flow.
• General market sentiment: Crypto bull market or bear market will greatly affect the strength of NEAR.
5. Risks
• If it breaks the 1.5 USD zone, the next bearish target could be 1 USD or lower.
• The market is highly volatile, so balance the allocation and set reasonable stop losses.
$NEAR to the moon
