NEAR: Support Flip at $2.30 Builds Momentum
NEAR trades at $2.51 after flipping $2.30 support as HYPE nears ATH and correlated assets post new highs.
SourceAnalysis
NEAR flipped the $2.30 zone into support and now eyes continuation higher as HYPE closes on a fresh ATH while WLD and ZEC print new highs, according to @CryptoMichNL. NEAR price prediction narratives are shifting toward momentum catch-up rather than deeper correction.
Price action on the 4h chart shows NEAR at $2.51 trading inside the Bollinger Bands with upper resistance at $2.6; the EMA50 at $2.21 and EMA200 at $2.03 act as stacked supports while RSI at 69.58 stays neutral and MACD registers a golden cross, pointing to a measured retracement toward the 50-EMA before the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast