Downloading...
NEAR / TetherUS
Long

NEAR Harmonic Reversal Setup with Clear Demand Confirmation

1 417
NEAR is shaping up beautifully within a bullish harmonic formation, completing around the 1.239 Fibonacci zone, precisely where price tapped into a major structural low and bounced back into the immediate buyback zone. This bullish reaction aligns with a clean demand retest and marks the beginning of a potential macro reversal.

Price action is now gearing towards the mid-range resistance near 4.91, and a break above this level will serve as a high-conviction trigger toward the major target at 9.05. Final projected leg leads into the high extension region of 23.99, forming a long range bullish continuation model.

As long as the demand zone holds firm, this remains one of the most structurally sound altcoins to monitor for exponential upside. Full validation will be confirmed once we reclaim above 4.91 with volume.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.