NEAR just did something interesting on the 2-hour chart.
Currently sitting at $1.77, and here's what caught my attention: the token finally pushed through that descending trendline that's been capping it for weeks. First real sign we're shifting gears here.
What's working in its favor? Price is camping above the short-term moving average now. That breakout level? It's flipping into support territory, which is exactly what you want to see when momentum starts building.
The bulls have a case here. If NEAR holds this structure and doesn't fake us out with a quick dip back below, we might be looking at the early stages of a reversal setup. Still needs confirmation though—one clean break doesn't make a trend.
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VCsSuckMyLiquidity
· 12-08 18:59
Can NEAR hold this breakdown? I always feel like these rebounds are bull traps, just waiting to get slapped in the face.
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Web3ExplorerLin
· 12-08 14:55
hypothesis: this is just near doing what near does... teasing us with breakouts before pulling the rug lol. seen this movie before ngl
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StablecoinAnxiety
· 12-08 14:55
If NEAR pulls another fake breakout this time, I'll laugh. As soon as the multi-week resistance line is broken, people start talking about a reversal. Still need to see if it can hold above.
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ImpermanentPhobia
· 12-08 14:51
Well, NEAR is actually getting interesting this time, finally not being suppressed anymore.
Is NEAR going to fool us again? I'm just worried it's a fake breakout...
If it can't hold the $1.77 level, we still have to stay short.
If it breaks the level, it breaks the level—we'll have to see if it can hold steady afterward. It's too early to call a reversal now.
Man, another signal that looks really promising, then suddenly a plunge... Forget it, I'll just wait and see for now.
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CryptoWageSlave
· 12-08 14:47
Is NEAR's breakout this time real, or is it going to be another fake breakout? Watching this for the past few weeks has been a bit exhausting.
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MidnightTrader
· 12-08 14:41
This breakout for NEAR looks decent, but I'm more concerned about whether it can hold. We've seen plenty of fake breakouts before.
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OvertimeSquid
· 12-08 14:34
This breakout on NEAR feels a bit shaky; we need to see if it can hold. There are too many fake breakouts...
Can it really reverse? Better wait for a few more candlesticks before making a move, don't rush in.
How's the selling pressure at 1.77? Anyone know?
Hmm, the support-resistance flip looks decent, at least the chart doesn't look as bad now.
Not sure if it's a full reversal, but at least the direction is right—I admit that.
NEAR just did something interesting on the 2-hour chart.
Currently sitting at $1.77, and here's what caught my attention: the token finally pushed through that descending trendline that's been capping it for weeks. First real sign we're shifting gears here.
What's working in its favor? Price is camping above the short-term moving average now. That breakout level? It's flipping into support territory, which is exactly what you want to see when momentum starts building.
The bulls have a case here. If NEAR holds this structure and doesn't fake us out with a quick dip back below, we might be looking at the early stages of a reversal setup. Still needs confirmation though—one clean break doesn't make a trend.