NEAR: ZEC Issues Fuel Bullish Trigger at $1.86
NEAR at $1.86 draws accumulation calls as ZEC drama sparks bullish trigger, with Bitcoin consolidation eyed for liquidity return.
SourceAnalysis
Michaël van de Poppe flagged the $ZEC situation as a massively bullish trigger for $NEAR, positioning the token at a prime accumulation zone near $1.86.
Markets are correcting irrationally and dragging majors lower, creating what the trader calls clear mispricing that Bitcoin consolidation should soon reverse through renewed liquidity flows into altcoins.
Price action on the 4h chart shows NEAR locked in a bearish structure beneath the EMA50 at $2.32 and EMA200 at $2.04, with MACD at -0.18 confirming the death cross while RSI at 28.06 signals oversold exhaustion inside the Bollinger Bands; any test of upper-band resistance near $3.05 would likely stall and force a retracement toward the 50-EMA support before the next leg higher materializes.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast