$NEAR is stuck under strong resistance, with the price pressed down by the 100 MA/EMA and the top of the channel. Buyers look weak, and the sideways, messy price action shows the market lacks real strength. There’s a liquidity cluster sitting near 1.076–1.08, so a quick push or wick into that area wouldn’t be surprising before the next move. Once that liquidity is taken, the chart still leans bearish, and the pressure from sellers suggests the path of least resistance remains downward. Stay sharp, this looks more like distribution than accumulation. DYOR, NFA #NEAR
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#NEARUSDT Update
$NEAR is stuck under strong resistance, with the price pressed down by the 100 MA/EMA and the top of the channel. Buyers look weak, and the sideways, messy price action shows the market lacks real strength.
There’s a liquidity cluster sitting near 1.076–1.08, so a quick push or wick into that area wouldn’t be surprising before the next move. Once that liquidity is taken, the chart still leans bearish, and the pressure from sellers suggests the path of least resistance remains downward.
Stay sharp, this looks more like distribution than accumulation.
DYOR, NFA
#NEAR