Attention traders! 🚨 $NEAR /USDT is at a crucial point right now. Although we see a +0.74% on the day, holding at $2.449, we need to look beyond.
In the 15-minute chart, NEAR has been dancing between $2.374 and $2.480. The 7-period moving average (MA(7)) at $2.419 and the 99-period (MA(99)) at $2.424 are very close, indicating indecision. The MACD also shows a signal of possible consolidation.
Watch out for this! The resistance at $2.450 is strong, and the buying volume is not matching the selling strength. There could be some manipulation here! The money flow in 24 hours for large entries is negative (-$751,454.00), suggesting that big players are withdrawing capital.
If NEAR breaks and consolidates above $2.480, we could see an interesting bullish movement. But if it fails to hold and falls below $2.374, we might seek support at lower levels! Patience and risk management are key.
