NEAR: Trader Eyes Post-FOMC Momentum Toward Highs
NEAR trades at $2.33 after flipping $2.30 support as Michaël van de Poppe flags strengthening altcoins and clear invalidation ahead of FOMC-driven moves.
SourceAnalysis
NEAR has already flipped the $2.30 area into support, positioning the token for continuation higher once post-FOMC momentum arrives according to trader Michaël van de Poppe.
Altcoin markets continue to build strength with HYPE closing in on a new ATH while correlated assets print fresh highs, keeping the focus on higher-timeframe levels converting to support for NEAR price prediction scenarios.
On the 4h chart NEAR sits at $2.33 inside a bullish trend structure with price holding above both the EMA50 at $2.24 and EMA200 at $2.05. The MACD registers a death cross yet the neutral RSI at 54.28 combined with price action inside the Bollinger Bands leaves room to test upper resistance at $2.57 before any deeper retracement toward the $2.12 lower band or EMA50 confluence.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast