From TradingView · · 1m 10s
NEAR Protocol Trading Outlook
NEAR price rebounds but faces resistance as traders wait for clearer signals.
In brief
NEAR price rebounds but faces resistance as traders wait for clearer signals. NEAR price recovered from Thursday's selloff but failed 5.20-5.25 support, now targeting 5.00-5.07 before retesting 5.20-5.25. Originally reported by TradingView.
NEAR Price Recovery
NEAR has recovered well from Thursday's selloff into the mid-4.5 area.
Weekly and Daily Recovery
Price remains above rising fast and slow kamas after the larger advance.
Resistance Levels
The preferred directional watch is a fresh defense of 5.20, 5.25 with 5.29, 5.32 as the first checkpoint.
Support and Resistance Zones
5.20, 5.25: Pullback support watch; 5.29, 5.32: First checkpoint; 5.40, 5.44: Nearest upper resistance.
Trading Conditions
Intraday review showed compression, cooling volume and no fresh volatility expansion.
Conditional Plans
Assess a fresh defense of 5.20, 5.25 requiring two consecutive completed 24m closes above 5.23.
Price Action Update
NEAR’s recovery weakened as the 5.20, 5.25 support area failed, price lost 5.15 before returning toward 5.00.
Next Target
Buyers now need to recover 5.00, 5.07 before another test of 5.20, 5.25 becomes credible.
Market Outlook
A strong recovery with nearby resistance limiting fresh entries as price targets 5.00, 5.07.
The one thing
NEAR price recovered from Thursday's selloff but failed 5.20-5.25 support, now targeting 5.00-5.07 before retesting 5.20-5.25.
