NEAR has gained nearly 4% in the last 24 hours, trading at $1.65 as of now. This uptick follows a fresh buy signal from the TD Sequential indicator, a tool known for spotting key reversal points in the crypto market.
While short-term sellers remain active, the appearance of this signal suggests that buyers might be poised to take control if the momentum holds. However, NEAR is still trading near the lower Bollinger Band at $1.62, signaling ongoing selling pressure. The middle band sits at $1.86, acting as a critical resistance level that the price must break to confirm a trend reversal.
The MACD indicator supports this cautious outlook, showing bearish momentum still outweighing buying pressure. Should NEAR push past $1.86, it could target the upper Bollinger Band near $2.10, where sellers may re-emerge.
This material is for informational purposes only and does not constitute financial advice.
