NEAR Analysts Anticipate Final Downtrend Before Parabolic Shift

Several analysts are observing bullish tendencies on the price chart of altcoin NEAR. According to expert KhonshuArc, NEAR may be dipping one final fall before a parabolic shift.

The asset has lost multiple key trendlines and support levels, indicating that the market structure has shifted. To confirm this shift, NEAR needs to reclaim the $1.65, $1.70 price range, or it could head towards the $1.25, $1.35 price range instead.

Even if it does reclaim this range, a real test lies around $2.10, $2.20, where multiple higher-timeframe moving averages are waiting. The Daily, 3D, and Weekly RSI are becoming increasingly stretched, indicating that NEAR is getting closer to an exhaustion point.