· Capture the breakout signal: $NEAR has recently broken through the 20-day exponential moving average (6.15 USD), which is a short-term positive signal indicating that selling pressure may be weakening.

· Focus on key resistance: The next key point to watch is whether $NEAR can successfully break through the upper line of its downward channel. If it can effectively break through, it may initiate an upward trend.

· Set target levels: If the upward trend is confirmed, attention can be paid to the target resistance levels around 8 USD and 9 USD.

· Risk of technical failure: If $NEAR fails to hold above the 20-day EMA or falls back from the current resistance level, it may indicate that this breakout is a "false breakout," and the price may continue to correct.

· Beware of heavily controlled projects: Currently, there are some altcoins like MYX and COAI on the Binance Alpha platform, where the top ten addresses hold over 95%. Such heavily controlled projects are susceptible to manipulation by the whales, experiencing extreme volatility, and carry high risks. Careful discernment is needed when selecting and discussing projects.

· Market dependency: The trends of altcoins have a strong correlation with Bitcoin ($BTC$). If Bitcoin's price declines significantly, the bullish expectations for $NEAR may also change.

In summary, from a purely technical analysis perspective, $NEAR does indeed have the potential for an upward movement due to this technical breakout. $BTC #NEAR