NEAR: Van de Poppe Calls $2.03 Zone for DCA
NEAR trades at $2.03 after crashing with ZEC and HYPE. Michaël van de Poppe flags the level for long-term accumulation and DCA.
SourceAnalysis
NEAR slid to $2.03 in tandem with ZEC and trending HYPE, prompting Michaël van de Poppe to label the zone an accumulation area for longer-term portfolios.
The trader noted the setup favors dollar-cost averaging yet admitted his altcoin allocation is already deployed, leaving no fresh capital.
Price action on the 4h chart shows NEAR pinned beneath the EMA50 at $2.44 while resting just under the EMA200 at $2.05, confirming the bearish trend structure. MACD registers a death cross at -0.1 and RSI sits neutral near 30.84; the pair remains inside the Bollinger Bands with lower support at $1.97 and upper resistance at $3.12, suggesting any bounce may stall before a deeper test of the lower band.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast