NEAR: $4.60 Resistance Rejects Upside Continuation
CryptoMichNL stated that NEAR must clear $4.65 resistance after rejecting $4.60-4.65 to confirm uptrend continuation or risk drops toward $3.95 and $3.40.
SourceAnalysis
NEAR rejected the $4.60-4.65 zone immediately after sweeping range lows, flipping that area negative according to @CryptoMichNL. The trader sees no setups inside current ranges and requires a decisive break above $4.65 before considering long exposure. Price sits at $4.51 inside the Bollinger Bands with upper resistance at $4.85; the EMA50 at $4.76 and EMA200 at $4.56 continue to cap upside while RSI at 42.19 remains neutral and MACD shows a bullish golden cross at -0.1. With price testing near-term resistance while the 50-EMA overhead acts as concrete resistance, a healthy retracement toward lower band support at $4.29 appears probable before any sustained continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast