NEAR: Michaël van de Poppe Trims 30% at $2.20
NEAR trader Michaël van de Poppe sells 30% at $2.20 while targeting $10-20; 4h chart shows $2.4 price testing $2.58 resistance with RSI at 66.22.
SourceAnalysis
Michaël van de Poppe sold 30% of his NEAR holdings at $2.20 on May 23 without altering his long-term protocol thesis that targets $10-20 in the current cycle.
Price action at $2.4 sits inside Bollinger Bands with upper resistance at $2.58 and lower support at $1.99; the bullish EMA50 at $2.0 and EMA200 at $1.64 continue to anchor the structure while MACD death cross at 0.16 signals near-term consolidation before any retest of $2.50-2.70. With price testing upper Bollinger resistance at $2.58 while RSI flashes 66.22, a healthy retracement to the 50-EMA support at $2.0 seems probable before further continuation, allowing traders to reduce portfolio variance and prepare fresh entries near $1.60-1.80. This approach aligns with disciplined NEAR price prediction frameworks that prioritize risk trimming over infinite holding during euphoric sentiment phases.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast