esistance from the upper border of a desce
Several factors are fueling the bullish sentiment around NEAR. Despite the recent price surge and positive on-chain signals, there are still risks to consider based on the price chart.
Since NEAR's price surged from the demand zone this September, it has encountered a significant resistance level at $4.401, which is hindering further gains. At the same time, the price is facing resistance from the upper border of a descending wedge pattern around $4.400.
Overcoming these multiple hurdles could validate the recent ascent seen over the past two weeks, boosting investor confidence. A change of character (ChoCh) will be confirmed if NEAR surpasses these critical levels, potentially skyrocketing long-term investor confidence.
If NEAR continues its upward trajectory, the next targets are $5.5 and $6.5. However, failure to display a ChoCh could lead to consolidation or a bearish trend.
Since NEAR's price surged from the demand zone this September, it has encountered a significant resistance level at $4.401, which is hindering further gains. At the same time, the price is facing resistance from the upper border of a descending wedge pattern around $4.400.
Overcoming these multiple hurdles could validate the recent ascent seen over the past two weeks, boosting investor confidence. A change of character (ChoCh) will be confirmed if NEAR surpasses these critical levels, potentially skyrocketing long-term investor confidence.
If NEAR continues its upward trajectory, the next targets are $5.5 and $6.5. However, failure to display a ChoCh could lead to consolidation or a bearish trend.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.