NEAR: Bounce From $3.90 Signals Reversal
Michaël van de Poppe highlights NEAR resilience after the $3.90 support level was tested and price rebounded to $4.40, arguing the hack impact may now be fully priced in for a potential upward reversal.
SourceAnalysis
NEAR demonstrated resilience after failing at the $4.60 resistance zone, with the $3.90 support level marked by @CryptoMichNL getting hit before a swift recovery to $4.40.
Price currently sits at $4.37 inside the Bollinger Bands on the 4h chart, with the upper band at $4.91 serving as short-term volatility resistance and the lower band at $4.10 as support. The structure remains bearish as price trades below both EMA50 at $4.59 and EMA200 at $4.57, while MACD at -0.09 confirms the death cross; however, neutral RSI at 46.06 leaves room for momentum to build on the bounce from $3.90 without immediate overbought conditions.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast