NEAR has recently been somewhat overlooked. From its all-time high in 2021, it has been in a multi-year descending wedge pattern, and now the price is stuck at $1.78. Interestingly, this price level is close to the 0.786 Fibonacci retracement line, with a bullish trend line supporting underneath.
What does the technical outlook look like? If NEAR can break through the $5 resistance level, it would be quite promising. Based on the fully extended logical projection, the target could reach $21 (which is the all-time high), and more aggressive traders might even look for over $48. Of course, risk management must also be considered—if the weekly close drops below $1.40, this bullish setup needs to be reassessed.
From a market cycle perspective, we should currently be transitioning from the accumulation phase to the expansion phase. However, trading should wait for confirmation signals, and risk management must never be relaxed.
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WhaleWatcher
· 9h ago
1.78 cards here for how long, feels like there's been no movement
Is breaking $5 real or not, it seems difficult to me
That Fibonacci stuff is just for psychological comfort
Let's wait and see, risk management is the most important anyway
Why is no one paying attention to NEAR, it's such a pity
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GhostAddressHunter
· 9h ago
Wait, how long has 1.78 been stuck here? Feels like there's been no movement at all.
NEAR should have moved already; can it really break 5 this time?
Fibonacci is back again... every time it says there's support, but in the end, it still weakens.
But that $48 target is really tempting; let's see if it can hold steady first.
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MoonMathMagic
· 9h ago
NEAR has been forgotten for so long, and suddenly popping up is quite surprising.
Wait, from 1.78 to 48? That kind of price difference would require how many daily limit-ups?
Is Fibonacci really reliable? It feels a bit like mysticism.
It's only interesting if it breaks $5. Anything before that is too early to say.
Risk management, really. Don't get blinded by target prices.
It's both accumulation and expansion phases; every coin says the same.
Is the trend line holding? I just want to know when it will truly take off.
If it doesn't reach 1.40, I have to admit defeat. This stop-loss is a bit tight.
I like NEAR but don't want to gamble. Let's wait for confirmation signals.
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NonFungibleDegen
· 9h ago
ngl the fib levels hitting at 1.78 is lowkey giving accumulation vibes... might actually be time to stop coping and start loading ser
NEAR has recently been somewhat overlooked. From its all-time high in 2021, it has been in a multi-year descending wedge pattern, and now the price is stuck at $1.78. Interestingly, this price level is close to the 0.786 Fibonacci retracement line, with a bullish trend line supporting underneath.
What does the technical outlook look like? If NEAR can break through the $5 resistance level, it would be quite promising. Based on the fully extended logical projection, the target could reach $21 (which is the all-time high), and more aggressive traders might even look for over $48. Of course, risk management must also be considered—if the weekly close drops below $1.40, this bullish setup needs to be reassessed.
From a market cycle perspective, we should currently be transitioning from the accumulation phase to the expansion phase. However, trading should wait for confirmation signals, and risk management must never be relaxed.