NEAR: Rejection at $4.60 Signals Lower Tests
Michaël van de Poppe flags a clear rejection on NEAR at the $4.60-4.65 resistance, pointing to tests of lower levels like $3.95 before any upside resumption after the recent rally.
SourceAnalysis
Michaël van de Poppe flagged a clear rejection on NEAR at the $4.60-4.65 resistance zone, noting the token must test lower before any fresh upside can develop after its recent advance.
Price at $4.52 trades below the EMA50 at $4.71 that now functions as overhead resistance while the EMA200 at $4.56 caps near-term bounces. The neutral RSI at 44.78 combined with the MACD golden cross leaves room for continuation lower toward the lower Bollinger Band at $4.39 before any sustained recovery attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast