$NEAR Token Analysis Update๐๐๐
Current Price: $2.88
Timeframe: 1H & 1D
Change: +1.91% (24H)
Trade Duration: Short-term scalp to mid-swing (1โ2 days)
$NEAR is currently maintaining a bullish consolidation phase just below the 2.92 resistance zone. On the 1H chart, price is respecting the mid-band of Bollinger and bouncing off the 2.86 dynamic support, which aligns with the 20 EMA. The stochastic RSI shows a mild bullish crossover above 65 level, signaling potential continuation.
๐Zooming out to the 1D chart, we see a healthy recovery candle forming above the 2.84 range after previous rejection wicks. The Bollinger bands are moderately expanding, suggesting volatility may increase. A daily close above $2.92 could invite a breakout towards $3.05โ$3.20. Support at $2.82 remains critical.
Why Bullish?๐ค๐ฅ
Strong bounce from $2.82 EMA support
Volume spike on green candles
Bullish Stochastic RSI cross on 1H
Overall market sentiment favors Layer-1 projects
Entry Zone: $2.85โ$2.86โ
Target 1: $2.94๐ฏ
Target 2: $3.05๐ฏ
Stop Loss: Below $2.81โฃ๏ธ
Pro Tip:โ ๏ธ
Watch for volume confirmation near $2.92. If $NEAR breaks and holds above that, expect momentum traders to join. If it rejects again, consider partial booking.
๐จโโค๏ธโ๐จ "In ranging markets, precision matters more than prediction. Follow structure, not emotion."
Disclaimer: โ ๏ธ
This is not financial advice. Do your own research before investing.