NEAR: Van de Poppe Flags Accumulation Zone
NEAR at $1.7 draws bullish call from Michaël van de Poppe as 4h chart shows MACD golden cross inside Bollinger band.
SourceAnalysis
Michaël van de Poppe stays bullish on NEAR and calls the current region a prime accumulation zone. Price sits at $1.7 with the 4h structure still bearish as EMA50 at $1.73 and EMA200 at $1.89 cap upside. Momentum shows RSI(14) neutral at 54.87 while MACD(12,26) prints a bullish golden cross at -0.02. The asset trades inside the Bollinger band with upper resistance at $1.71 and lower support at $1.58. Price testing upper Bollinger resistance at $1.71 while RSI stays neutral points to a healthy retracement toward the 50-EMA support at $1.73 before any continuation higher. Traders watching NEAR price prediction models now focus on whether the MACD cross can overcome the longer-term EMA resistance cluster.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast