NEAR: Analyst Sees Consolidation Before Q4 Run
NEAR trades at $4.31 as Michaël van de Poppe warns of short-term consolidation, Bitcoin correction and liquidity shift before Q4 rally.
SourceAnalysis
NEAR sits at $4.31 after its recent advance, yet Michaël van de Poppe expects consolidation rather than immediate breakout as liquidity rotates into other narratives and Bitcoin corrects. The trader anticipates NEAR revisiting the $3 zone before any fresh leg higher later in Q4. With price testing upper Bollinger resistance at $4.4 while RSI(14) prints 76.43 in overbought territory, a healthy retracement toward the EMA50 support at $3.25 looks probable before continuation, especially as the MACD golden cross still underpins the broader bullish structure above the EMA200 at $2.45. This setup aligns with classic NEAR price prediction cycles that often feature Bitcoin correction impact and brief crypto consolidation patterns before renewed momentum.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast