🚨 NEAR/USDT Technical Analysis – Price Targets 🎯
The NEAR token has been experiencing some downward movement recently, and a deeper dive into the technicals reveals several key price levels to keep an eye on.
🔹 Current Price: $5.582 🔹 24h High: $6.016
🔹 24h Low: $5.485
🔹 24h Change: -4.40%
Key Support & Resistance Levels 🛠️
1️⃣ Target 1 – Support at $5.45
With recent low trading activity and a consistent downtrend, $5.45 has become a crucial support level. If the price continues to consolidate here, we might see a bounce back, creating a potential opportunity to enter at a lower price.
2️⃣ Target 2 – Resistance at $5.80
Currently, the price is testing the $5.80 zone as a minor resistance. A break above this could indicate a shift towards a more neutral trend. A key level to watch out for!
3️⃣ Target 3 – Major Resistance at $6.00
The $6.00 level has been the 24-hour high, but if NEAR manages to push past it, we could see an upward momentum towards $6.20. This will be a significant area to track for potential bullish moves.
Momentum Analysis 📉
The market has shown negative momentum, as seen in the -6.016% depth and significant pullbacks over the past 24 hours. While there’s potential for a short-term recovery, traders should stay alert for any trend reversals.
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