$NEAR UPDATE

Technicals point to a breakout test

NEAR has established a classic double bottom structure between $1.81 and $3.35, at press time, with the price hovering just beneath the mid-range resistance at $2.71.

The formation often signals a bullish reversal, and the recent rally toward resistance strengthens this thesis.

However, the Stochastic RSI has reached extreme overbought levels around 97, suggesting that upside could be temporarily capped. Traders may anticipate either a breakout above $2.71 or a pullback toward $2.40.

Therefore, price action in the coming days will be critical in confirming NEAR’s direction after months of sideways movement.