TradeCityPro | NEAR: Key Support Battle in Layer 1 AI Protocol

👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the NEAR coin for you — one of the prominent AI-focused and Layer 1 protocols that has gained significant attention in recent years.

🔍 This project’s coin, with the ticker NEAR, currently holds a market cap of $2.94 billion, ranking 34th on CoinMarketCap.

📅 Daily Timeframe
As you can see in the daily timeframe, there is a very strong support level at 2.239, which has been tested multiple times. The price has once again reached this zone.

✨ If this level breaks, the price could drop toward lower supports such as 1.694. Therefore, a break below 2.239 would be a valid trigger for a short position.

💫 The trendline drawn on the chart is also a significant level. If 2.239 is broken, price could potentially react to this trendline as well.

💥 If price holds this support and attempts a bullish move, we can open a long position upon breaking 2.653.

📈 The main long triggers, including potential spot buying, are at 3.355 and 3.548. If these levels are broken, NEAR could begin a strong uptrend toward targets at 4.726 and 7.998.

📊 Currently, market volume is ranging — buyers and sellers are evenly matched. We need to wait and see which side gains dominance to follow the momentum.

✔️ On the RSI oscillator, entering the Oversold zone would confirm a short setup, while breaking above the 50 RSI level would confirm a long setup.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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