NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile.
Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation.
This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
