NEAR: Bitcoin Pair Breakout Points to Next Leg Higher
NEAR at $2.37 shows Bitcoin pair breakout per @CryptoMichNL, with RSI 71.42 and MACD golden cross supporting further upside before any retracement to EMA50 support.
SourceAnalysis
NEAR trades at $2.37 after its Bitcoin pair broke higher, signaling another advance according to trader @CryptoMichNL.
The move aligns with strength seen over the past six months as Bitcoin dominance fluctuated and altcoin pairs carved fresh ranges. NEAR price prediction models now incorporate this Bitcoin pair breakout as a key driver for continuation rather than reversal.
Price action on the 4h chart sits inside the Bollinger Bands with upper resistance at $2.41. RSI(14) at 71.42 flashes overbought while the MACD golden cross at 0.1 reinforces the bullish structure above EMA50 support at $2.02 and EMA200 at $1.87. A healthy retracement to the 50-EMA appears probable before the next leg higher materializes.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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