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Most traders are waiting for a breakout, but the current consolidation on $NEAR is telling a different story. The fact that it's holding within a relatively narrow range suggests a buildup of momentum. This range-bound action is significant, as it indicates that traders are hesitant to push the price outside of these established levels. The 24-hour change is also noteworthy, as it shows that traders are not yet committed to a strong direction. What's crucial now is to monitor the upper and lower bounds of this range, as a move outside of these levels could spark a larger price movement. Are traders preparing for a breakout or just testing the boundaries of this range?
Watching $NEAR vs this range.

#near #cryptotrading #marketanalysis #traderscommunity