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Nearsupport

$NEAR Support Squeeze – Reversal or Rejection?BINANCE:NEARUSDT CRYPTOCAP:NEAR Support Squeeze – Reversal or Rejection? Current trend: NEAR's pinned at the 2.39 support in a bearish channel descent from 3.5 highs—wicks absorbing sells, volume thinning for potential alt relief rally 🛡️. Hold support? Strong yes; EMA confluence and prior lows scream buyer defense, low risk of immediate crack. Breakout above resistance? Imminent if 3.0 closes above—could rocket 8-10% to 3.20 on BTC bounce 🚀. Dip risk? Mild to 2.30 if macro weighs, but oversold prevents deep flush. Target: Upside 2.80 short-term; downside 2.25 buffer. Indicators tracking: RSI (28, oversold alert), Channel lower bound, MACD divergence 📊. #NEARTrading #CryptoSupport #FiboTrendCrypto
by CryptoFiboTrends
$NEAR Channel Descent – Support Crucial?BINANCE:NEARUSDT CRYPTOCAP:NEAR Channel Descent – Support Crucial? Current trend: NEAR's sliding in a bearish channel, hugging the 2.36 support after capping 3.50 resistance—volume taper on downside suggests fading seller power 🛡️. Hold support? High probability yes; prior bounces and channel floor confluence could ignite reversal if holds. Breakout above resistance? Needs 3.50 close for bull flip—potential 8-10% rally to channel upper 🚀. Dip risk? Real to 2.20 if breaches, amplified by BTC correlation. Target: Bounce to 2.80 short-term; downside 2.15 buffer. Indicators watching: RSI (35, oversold alert), Trendline slope, and MACD crossover 📉. #NEARTrading #CryptoChannel #FiboTrendCrypto
by CryptoFiboTrends
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