Near Eyes $4.50 as Bitcoin Pair Continues Outperformance
Near (NEAR) continues to outperform Bitcoin (BTC), with key technical indicators pointing to further upside. Michaël van de Poppe highlights untapped highs at $2.56 and a potential run to $4.50 on sustained momentum, should the trend persist.
Traders are advised to treat any BTC sweeps as opportunities to accumulate NEAR rather than exit positions. This is especially true if Near revisits the $2.10 level, where fresh buying interest is expected to emerge.
The current price of $2.38 is testing the upper Bollinger Band resistance at $2.48, while the RSI(14) indicator is flashing overbought at 71.01. This suggests a healthy retracement toward the EMA50 support at $2.05 may be imminent before the next leg higher.
The bullish EMA200 floor at $1.88 remains intact for any deeper NEAR price prediction scenarios, providing a crucial support level in case of a reversal.