6 hours ago
1
Key Takeaways:
- NEAR spiked from $1.30 to $2.97 within days in late May.
- Price now consolidating just below 0.236 Fib at $2.47.
- RSI cooled from overbought to 65.10 without breaking down.
- Van de Poppe trimmed first NEAR trade at €2.25, opened second long.
- Lower timeframe compression could precede a strong directional move.
NEAR is trading around $2.34 at the end of May, sitting below the 0.236 Fibonacci level at $2.47 after one of the sharper moves in the altcoin space this month. From a base around the 0.786 level at $1.30, price ran nearly 130% in a matter of days, tagging $2.97 before sellers stepped in. That upper level corresponds exactly to the 0 Fibonacci extension on the daily chart. The rejection there was clean and fast.
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