NEAR is currently trading within a bearish channel on the 4H chart, but it’s holding firm at the trendline support. Based on technical analysis, a bounce from this level is likely—potential long setup if managed with proper risk controls.
The total crypto market cap is also sitting right on a key trendline support. If that support breaks and we get a clean retest, I’ll consider shorting. Otherwise, we could see a gradual move to the upside. Overall, the market remains in a consolidation phase, so price action may stay choppy for a while.
The 4-hour chart of the DXY has been drifting south but now shows signs of a technical rebound; a stronger dollar would likely nudge crypto prices a bit lower.