$NEAR wiping out shorts at $1.649 with $12.961K liquidated shows how aggressively the market is defending this level. NEAR’s chart has been tightening for days, forming a clean compression triangle that usually ends with a powerful move.
Short sellers were clearly betting on a breakdown, but instead they got trapped. This kind of liquidation spike often marks the start of a trend reversal.
$NEAR loves explosive upside when liquidity flips — one strong candle can carry it far beyond resistance. And with shorts already shaken out, the path upward has less friction. If NEAR holds above this level, momentum can turn fast.
Entry Price: $1.649
Take Profit: $1.725
Stop Loss: $1.615
