In-Depth Analysis of NEAR/BTC (1-Day Frame)
-$NEAR is showing remarkable recovery strength compared to $BTC and is in an ideal accumulation phase.
-Recovery and Structure: After a deep drop, there has been a strong recovery (V-Shape) and it has established Higher Lows, indicating that buying pressure has regained control in the lower price range.
-Strong Dynamic Support: The current price ($0.00002295) is finding very solid support at the intersection of MA 25 ($0.00002303) and MA 99 (0.00002296$). Protecting this dynamic support zone is the most important technical foundation.
-Direction: To confirm the continuation of the upward trend, NEAR needs to break above MA 7 (0.00002448) and escape the current accumulation zone with increased volume. This is the level that needs to be broken to move towards higher peaks.