NEAR: Trader Trims Daytrade as Bitcoin Weakens

Michaël van de Poppe trimmed his NEAR daytrade size because Bitcoin looks shaky, warning that a test of recent lows would trigger downward pressure across altcoin markets and create better entry points.

Price sits at $2.06 inside Bollinger Bands with upper resistance at $2.28 and lower support at $1.92. The 50-EMA at $2.18 caps upside while the 200-EMA at $2.02 offers nearby support; RSI at 45.75 stays neutral and MACD shows a bullish golden cross at -0.01. With price pressing toward upper-band resistance while the broader BTC structure remains fragile, a healthy retracement toward the 50-EMA support at $2.18 appears probable before any sustained continuation higher.