📉🔍$NEAR at a crossroads – Will it succeed in defending the support?
Current price: $2.722 (-0.55%)
The NEAR currency is trading near the lower Bollinger band, with signs of weakness in momentum, indicating the possibility of a rebound or continued decline depending on the upcoming market movement.
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🔍 Technical Analysis:
- RSI at 33.7 → in the oversold area, indicating a potential rebound
- MACD negative (−0.007) → the downward momentum is still present
- Bollinger Band:
- Upper limit: 2.812
- Average: 2.757
- Lower limit: 2.702
The price is approaching the lower limit, indicating excessive selling pressure
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📊 Important Levels:
- Near support: $2.68 – $2.70
- First resistance: $2.76
- Second resistance: $2.81 – upper limit of Bollinger
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⚠️ Overview:
- Trading volume is good (NEAR: 9.13M / USDT: 25.20M)
- If the price maintains support at $2.70, we might see a rebound towards $2.76 – $2.81
- Breaking support could open the way to lower levels, especially with ongoing weak momentum
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📌 Recommendation:
- There is currently no strong entry signal
- It is better to wait for a confirmation candle on the 1-hour frame or a clear rebound from support
- Stop loss below $2.65 in case of entry
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