NEAR: Correction Nears End at $1.63 Level
NEAR at $1.63 faces EMA50 resistance at $1.64 as Michaël van de Poppe flags breakout above $1.68 or deeper drop to $1.50 amid neutral RSI.
SourceAnalysis
NEAR approaches the tail end of its correction per @CryptoMichNL, who sees either an immediate break through $1.68 toward $1.77 or a further 15% slide in the NEAR/BTC pair that opens buys near $1.50.
Price at $1.63 sits just below the EMA50 at $1.64 and well under the EMA200 at $1.73, confirming the bearish structure, while the MACD golden cross at 0.0 hints at building momentum; with the pair trading inside the Bollinger band and RSI at 49.91, any push to the $1.68 upper band resistance will likely stall until a retest of the $1.59 lower band support confirms continuation or exhaustion.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast