Will NEARUSDT Break Free or Fall Deeper? Urgent Update Inside!
Updated
Yello, Paradisers! Have you been keeping a close eye on #NEARUSDT? If not, you might want to start now! This crypto just broke a month-long descending resistance, setting the stage for some serious action.
💎Currently, #NEAR is stuck in a tight range on the 4-hour timeframe, fluctuating between $4.25 and $3.825. Since August 8th, the price has struggled to break free from this range.
💎NEAR has reclaimed the EMA-50, an important level. If the price can solidify this as support, price could see a new surge in momentum. A successful push could send NEAR back towards $4.25, and with a strong breakout above this, the next targets are in the $4.55 to $4.75 zone. This region aligns with the 50% Fibonacci retracement at the $4.65 level.
💎On the downside, the EMA-50 at $4.165 is now the first support level. Stronger support levels are positioned between $3.825 and $3.780. As long as these hold, bulls are likely to prevail. However, if these supports fail, NEAR could plummet towards $3.45, with further downside potential towards the base support between $3.15 and $3.05.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
💎Currently, #NEAR is stuck in a tight range on the 4-hour timeframe, fluctuating between $4.25 and $3.825. Since August 8th, the price has struggled to break free from this range.
💎NEAR has reclaimed the EMA-50, an important level. If the price can solidify this as support, price could see a new surge in momentum. A successful push could send NEAR back towards $4.25, and with a strong breakout above this, the next targets are in the $4.55 to $4.75 zone. This region aligns with the 50% Fibonacci retracement at the $4.65 level.
💎On the downside, the EMA-50 at $4.165 is now the first support level. Stronger support levels are positioned between $3.825 and $3.780. As long as these hold, bulls are likely to prevail. However, if these supports fail, NEAR could plummet towards $3.45, with further downside potential towards the base support between $3.15 and $3.05.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
Trade active
#Near re-tested the descending resistance now as support levels. The support has been honored and a bounce is currently underway.
Going forward Near on the resistance line once again at $4.25. This is a pivotal level for bulls to break. Convincingly breaking past this hurdle would push price towards the stronger resistance levels at $4.55 to $4.75 levels.
Comment
Boom! #NEAR is doing just what we said. Up 14.35% and looking good!
Trade closed: target reached
Another win! #Near up 18.35%, as forecasted!
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