NEAR: Trader Eyes $3.50 High on ZEC Correlation
NEAR trades at $2.86 with Michaël van de Poppe targeting $3.20-3.50 as ZEC strength and BTC stabilization fuel new yearly highs.
SourceAnalysis
NEAR sits at $2.86 after Michaël van de Poppe entered slightly higher yet remains positioned for continuation higher, citing direct correlation with ZEC strength and the prospect of BTC calming to unlock fresh yearly highs.
Price action inside the Bollinger Bands shows the token pressing the upper band at $2.92 while the 50-EMA at $2.46 and 200-EMA at $2.0 anchor the bullish structure. With MACD holding a golden cross at 0.1 and RSI at 65.08 still neutral, the setup favors a measured extension toward the $3.20-3.50 zone before any rotation out of the large altcoin allocation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast