Near (NEAR) Plummets 15% Weekly, Yet This Signal Hints at a Reversal

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NEAR has fallen about 15% over the past week and reached a six-week low near $3.70 as the broader cryptocurrency market remains under pressure. Its market capitalization has dropped below $5 billion, and the token has fallen out of the top 20 cryptocurrencies by market value. However, analyst Ali Martinez noted that the TD Sequential has generated a buy signal on the daily chart, suggesting a potential bullish reversal. He is watching $4.30 as the first target, followed by the trendline setup resistance near $4.80. Other analysts identified the area below $3.50 as an accumulation zone, while a sustained move above $4.30 could target $4.80-$5 and potentially $7.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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