NEAR: Trader Trims Largest Position on Senate Vote
NEAR at $4.08 sees trimming by @CryptoMichNL as portfolio hits $115,000 despite Clarity Act failure and FOMC hike, with ZEC highs signaling next moves.
SourceAnalysis
@CryptoMichNL trimmed his largest holding in $NEAR this week after the Clarity Act died in the Senate and the FOMC raised rates, yet the portfolio climbed to $115,000 and targets $125,000.
The move reflects confidence in the cycle, drawing parallels to the Genius Act precedent that passed 11 days after its own initial failure, while rising rates signal economic strength rather than distress under Michael Howell liquidity framing.
On the 4h chart, NEAR price prediction models gain support from price holding a bullish trend above EMA50 at $3.28 and EMA200 at $2.46, with MACD golden cross at 0.32 confirming momentum even as RSI at 66.17 stays neutral inside Bollinger bands bounded by $4.40 resistance and $3.22 support.
Bitcoin pre-FOMC lows and $ZEC all-time highs further align with $NEAR continuation before expected harsh corrections test leveraged positions.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast