$NEAR

Moving Averages:

The 200 SMA is at 4.885, acting as a significant resistance level, especially as price has stayed below it in recent times.The current price is below the 200 SMA, indicating a bearish sentiment in the market.

VWAP:

VWAP is at 4.303, slightly above the current price, suggesting weak upward momentum as price struggles to break this level.

RSI:

The RSI is at 41.78, showing slightly oversold conditions. This suggests the possibility of a minor recovery if buyers enter the market, though there’s still room for downward movement.

MACD:

MACD line is slightly above the signal line but remains in negative territory, at 0.017 (MACD), -0.094 (Signal), and -0.111 (Histogram). This indicates a weak bullish divergence, though not strong enough to confirm a full reversal.

Support and Resistance Levels:

Support: Key support level around 4.00, which could provide a buffer if the price continues to drop.Resistance: Immediate resistance is the 200 SMA level at 4.885, followed by a previous high around 5.000.

Bullish Scenario:

If NEAR/USDT manages to break above the 200 SMA at 4.885, we may see bullish momentum increase, with a target of 5.000 as the next resistance.MACD line crossing further above the signal line, coupled with RSI moving toward 50 or above, could add confirmation to a bullish scenario.

Bearish Scenario:

A continued drop below 4.000 support would confirm strong bearish control, with the next support possibly around 3.700.If RSI dips further below 40, expect sellers to dominate, likely bringing MACD deeper into negative territory.

Disclaimer:
This technical analysis is for informational purposes only and does not constitute financial advice. Always perform your own research before making any trading decisions.