After 4 times, break out attempt on 2.40, price is heavily rejected.
It has moved to a midterm trend line. But RSI is heavily sold, currently 29. It might have maybe 1 more day to go , But i predict, these are the levels it will hold.
We have entered a channel as seen between blue lines. I expect the price will breath till 2.31 , as current levels and after touching lower band, i expect price action between 2.55 - 2.65. If delay occurs in the action , upper band only rises. also there is a huge resistance waiting for the trend between 2.7 and 2.9.
This band played role in june 2021 - June...
On 4h chart, it is clear that for now, NEAR could hold the MA50 support. It wasn't an expected drop but need to use that as opportunity. If you consider the amount of liquidated accounts, when these people will come back, NEAR will rise again. it is good that we are testing this MA50 support. BTC is also holding on a major support.
Adding calmly.
in 4h, MA50 is broken and had a small pull back and found support.
Fibonacci extensions show in short term 0.00007307 - 0.00007654 are the next resistance.
I expect 2$ support (recently resistance) will help to lift the price till
2.18 first and then 2.25.
Bitcoin Dominance continues to decline. Another support point.
