NEAR: Higher Low Confirmed as Price Advances
NEAR trades at $2.48 after confirming higher low, breaking resistance on 4h chart with RSI at 72.58 and MACD golden cross intact.
SourceAnalysis
NEAR held the key support zone, printed a higher low and broke resistance to extend gains, locking into a clear buy-the-dip structure that targets the $3+ high next. Protocol revenue continues climbing with fully unlocked supply directing fees into buybacks, positioning the token for fresh liquidity inflows once broader markets accelerate. On the 4h chart price sits at $2.48 inside the Bollinger band with upper resistance at $2.51 while the 50-EMA at $2.17 and 200-EMA at $2.02 act as layered support; RSI at 72.58 signals short-term overbought conditions yet MACD remains bullish on its golden cross, suggesting any healthy retracement would likely find bids at the 50-EMA before continuation. NEAR Protocol revenue growth fundamentals 2024-2026 remain intact and the asset shows no fundamental reason to stall ahead of the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast