NEAR: First Support Zone Hit Amid BTC Sell-Off
NEAR at $2.33 reaches initial support zone as Bitcoin and Ethereum face month-end pressure, opening daytrade bounce opportunities per CryptoMichNL.
SourceAnalysis
NEAR has hit its first support zone at $2.33 while Bitcoin and Ethereum undergo their typical month-end sell-off, according to trader @CryptoMichNL.
The analyst flagged these levels for potential quick bounce plays without committing capital yet, focusing instead on daytrade entries amid the broader crypto pullback.
On the 4h chart, NEAR price action sits just above the EMA50 at $2.31 inside the Bollinger Bands with neutral RSI at 42.52 and a MACD death cross at 0.02, creating confluence where the lower band support at $2.27 could attract short-term bids before any retest of upper resistance near $2.9.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast