Currently $NEAR looks struggling to maintain its price with breaking its old trendline. And now after bounce back from the support of $5.437 but its missing volume to break the resistance shown with red lines.
With btc dominance rising expecting alts to bleed more in upcoming days.
So from my view, i am expecting that $Near will again fall back to its support by the end if week and test back the level of $5.437.
Now this will be crucial for Near, will it hold the support or will it break it. In case of bounce we will see it again going to test red line resistance and in case of breaking new green dashed line support will be formed. These support are from mid september and august 2021 time.
This support is criticial and will decide the course of Near for upcoming days.
With btc dominance rising expecting alts to bleed more in upcoming days.
So from my view, i am expecting that $Near will again fall back to its support by the end if week and test back the level of $5.437.
Now this will be crucial for Near, will it hold the support or will it break it. In case of bounce we will see it again going to test red line resistance and in case of breaking new green dashed line support will be formed. These support are from mid september and august 2021 time.
This support is criticial and will decide the course of Near for upcoming days.