Traders are sleeping on the fact that $NEAR is currently holding near the upper end of its recent consolidation range. This level has historically been a crucial threshold, with price action here often setting the tone for the next leg. The fact that we're seeing a tightening of the range, with volatility slowly building, suggests that a breakout could be imminent.
The key takeaway here is that the current position within the range is more significant than it seems, as it's where traders typically start to weigh their options and adjust their strategies. With the range-bound action continuing, what are traders waiting for to make their next move?
Current read: $NEAR, spot tape.
Worth keeping NEAR/USDT on the watchlist today.
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