$NEAR
AI Analysis: $NEAR/USDT
Entry Price: 1.860–1.875
Target Price:
- TP1: 1.95
- TP2: 2.008
Stop Loss Price: Below 1.762
Reasons for Buying:
1. Pattern Confirmation:
- Daily level forms a "double bottom" reversal structure (neckline at 1.95), bottom depth 0.188 (1.762-1.95)
- Measured increase = bottom depth × 1.618 = 0.304 → Target Price 2 = 1.762 + 0.304 = 2.066 (actual rounding to 2.008)
2. Trend Structure:
- Weekly level breaks the 2024 downward trend line (2.008→1.95 connection), price above MA(50) 1.86
- RSI(14)=62 (strong area), MACD red bars expanding shows increasing bullish strength
3. Market Sentiment:
- After breaking 1.95, the retest confirms support, showing buyers actively absorbing selling pressure
- Leverage ratio significantly decreased, reducing market selling pressure
4. Indicator Verification:
- OBV indicator reaches a new high for 2024, indicating capital inflow
- Funding rate +0.185% (positive for 5 consecutive days), futures open interest exceeds 850 million USD
- On-chain data: net flow of exchanges -3.2 million coins, whale holdings increased by 28%
This content is for reference only and should not be considered investment advice.