The NEAR token was trading around $4.97 after pulling back sharply from its latest peak, following a rise from approximately $1.60 in August to nearly $6 in mid-October. Its main resistance zone lies between $5.40 and $5.60, where several attempts to close above have failed, while $6 is the next major obstacle. Buyers are defending the $4.80 area, reinforced by the short-term moving average near $4.83, and a break below that level would bring the price toward major support between $4.27 and $4.30. The broader trend remains bullish, with moving averages pointing upward, while the RSI, which fell from above 85 to about 50, and declining volume indicate a consolidation awaiting a fresh push. A daily close above $5.60 with solid volume would confirm the recovery and could open the way to $6; conversely, a close below $4.80 would point to a possible decline toward $4.30.
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