NEAR: Michaël Flags Q4 Breakout Above $4.60
Michaël van de Poppe states NEAR has likely ended its correction after the Binance hack-driven drop to $3.90 and now targets new highs in Q4 once price clears $4.60.
SourceAnalysis
Michaël van de Poppe expects NEAR to post new highs in Q4 after the token completed its post-$5 correction. The analyst notes the range break coincided with the Binance hack and drove price to the $3.90 level marked earlier, where strong volume produced a swift response.
NEAR has since flipped $4.20 into support and is attempting to reclaim the prior trading range. A decisive move above $4.60 would open the path to fresh highs, while any dip that respects the weekly structure remains a buy zone according to the trader.
Price sits at $4.46 on the 4h chart inside a bearish structure defined by the EMA50 at $4.53 and EMA200 at $4.57. The MACD has printed a golden cross at -0.06 while RSI holds neutral at 51.38, and price remains contained within the Bollinger Bands whose upper band at $4.78 now acts as immediate resistance. With price pressing against upper-band resistance while the longer EMAs sit just overhead, a brief pullback toward the $4.53 EMA50 confluence appears probable before any sustained push through $4.60 can develop.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast