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NEAR on Weekly TF: Breaking Free from Years of Sideways Price Action
After an extended period of range-bound trading, $NEAR is finally showing signs of escaping its multi-year downtrend. The weekly timeframe tells an interesting story—consolidation is giving way to upside momentum.
Currently trading at $1.58 with a solid +5.17% gain over the past 24 hours, the token is testing bullish territory. If this buying pressure continues to gain traction, the next critical resistance zone sits around the $8 level.
The bigger picture here is worth paying attention to. After years of being stuck in a narrow range, NEAR is now challenging the downside pressure that’s defined this asset. A sustained move above current levels would signal that the worst might finally be behind us.
What traders are watching: Can the weekly close hold above support, or will we see profit-taking pull things back down? The next few sessions on the weekly TF could be decisive for where this breakout is headed.
#NEAR #Altcoins #TechnicalAnalysis