🔮 $NEAR
/USDT Analysis: Preparing for the Next Leg Up?
NEAR Protocol is showing signs of strength on the 4H chart, currently trading at 1.732 (+1.52%). After a correction from the 1.841 local high, the price has stabilized and is beginning to reclaim key structural levels.
📊 Technical Breakdown:
Moving Average Reclaim: The price has successfully climbed back above both the EMA 7 (1.710) and EMA 25 (1.718). This is a crucial shift, turning these former resistance levels into a support cluster. The long-term trend remains protected by the EMA 99 (1.659).
RSI Momentum: The RSI(6) is at 61.70. Unlike the previous overheated charts, this is a "Goldilocks" zone—bullish momentum is building, but there is plenty of room left before it becomes overbought. This suggests the rally has legs.
MACD Recovery: The MACD lines are below zero but converging. A bullish crossover here would confirm that the consolidation phase is over and a new uptrend is beginning.
🎯 Key Levels to Watch:
🚧 Resistance: The immediate battle is at the 24h High of 1.757. A candle close above this level clears the path for a run toward the swing high at 1.841.
🛡️ Support: The 1.710 - 1.718 zone (EMAs) must hold. Losing this immediate support exposes the major demand zone at 1.660 (EMA 99 & recent lows).
💡 Trading Outlook:
The chart structure suggests an "Accumulation" phase before a potential breakout.
Bull Strategy: Look for entries near 1.715. Breakout traders can wait for a move above 1.76.
Bear Strategy: A rejection at 1.76 combined with high volume selling would signal a double-top risk.
Verdict: Cautiously Bullish. The indicators are resetting nicely for a potential move higher. Watch 1.757 closely.