Yigit Taha OZTURK 
NEAR reacted from the 2.30$ – 2.07$ support zone but faced rejection at the descending trend resistance, continuing its downtrend. The current price movement calls for a reassessment of key support and resistance levels.
Key Levels for NEAR
NEAR is under selling pressure from the descending trend resistance. However, it may bounce back from the 2.30$ – 2.07$ support zone and attempt to retest the trend.
If NEAR breaks the descending trend resistance, the first target will be 3.10$. If this level is secured, the next target will be the downward FVG (Fair Value Gap) region.
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On the other hand, if the support zone is lost, the price may decline toward 1.85$.
Technical Indicators and Market Outlook
Support Levels
- 2.30$ – 2.07$: The primary support zone, where price reaction will determine the next movement.
- 1.85$: The next key level to watch in case of a breakdown.
Resistance Levels
- Descending Trend Resistance: The most crucial level NEAR needs to break for an upward move.
- 3.10$: The first target if the trend breaks.
- FVG Zone: The upper resistance area if the price continues rising.
NEAR’s price movement will largely depend on its reaction to the 2.07$ support level. If this zone holds and a breakout occurs, 3.10$ becomes the next key target. However, if support is lost, a decline to 1.85$ may follow.
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