$NEAR is currently showing some interesting short-term price action as it navigates a recovery phase. Here is the breakdown of the 15-minute chart:
📊 Technical Breakdown
Price Performance: NEAR is trading at $1.604, up +5.94% over the last 24 hours. This indicates a strong bounce from the daily low of $1.502.
Moving Averages (MA): * The price is currently hovering right at the MA(25) (purple line) at $1.604.
It has recently slipped slightly below the MA(7) ($1.607), suggesting a minor cooling off after the recent local peak.
Crucially, it remains well above the long-term MA(99) ($1.569), which is acting as a solid support floor.
Volume: We see a significant volume spike earlier in the session, which fueled the move to the $1.615 high. Current volume is tapering off, indicating the market is "waiting" for the next decisive move.
💡 The Verdict
NEAR is in a consolidation zone. To confirm a continued bullish trend, it needs to break and hold above the $1.615 resistance. If it fails to hold $1.60, expect a retest of the $1.57 support area where the MA(99) sits.
Disclaimer: This is for informational purposes only and is not financial advice. Always do your own research before trading.#Near #analysis #MarketSentimentToday
