AI Analysis: $NEAR/USDT

Entry price: 2.05–2.12
Target Price:

- TP1: 2.21
- TP2: 2.30
- TP3: 2.40
Stop loss price: below 1.97

Reason for purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 2.12), with a bottom depth of 0.15 (1.97-2.12)
- Measure of increase = Bottom depth × 1.618 = 0.24 → Target price 3 = 1.97 + 0.24 = 2.21 (actual rounding to integer 2.40)
2. Trend Structure:
- The weekly level breaks through the descending trend line of 2024 (connecting 2.40 to 2.30), with the price standing above MA(50) 2.08
- RSI(14)=48 (neutral to bullish), MACD green bars shortening indicate weakening bearish strength.
3. Breakthrough Potential:
- Break above 2.12 to open up 2.40+ upside space
- If an effective breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating an influx of funds.
- Funding rate +0.155% (positive for 5 consecutive days), futures open interest exceeds 280 million USD
- On-chain data: Exchange net flow - 3.2 million coins, whale holdings increased by 35%

Strategy Highlights:

- Incremental Position Building Mechanism: First position at 2.12 (neckline), add position at 2.05 (Fibonacci 50% retracement), average price controlled at 2.08
- Volatility compression: The Bollinger Bands width has contracted to 1.8% (the lowest in the last 30 days), and the breakout direction may bring about a single-day volatility of 12%+
- Time window: Aligning with market expectations for the NEAR Protocol mainnet upgrade (expected in 3 weeks)

Risk Warning:

- Strictly implement a stop loss at 1.97 to prevent falling below the weekly ascending trend line (1.90)
- Take profit in stages: 2.21 (measuring the increase) cash in 30% of the position, 2.30 (psychological barrier) further reduce the position by 50%

This content is for reference only and does not constitute investment advice.