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NEAR Analysis Sets $4.438 Breakdown Level and $4.040 Target

The Oct. 24 setup treated prices above $4.691 as invalidating its bearish thesis. Its snapshot put NEAR near $4.52.

새벽빛 아래 차양 밑에 비어 있는 신문 진열대 / TokenPost.ai (macro)
새벽빛 아래 차양 밑에 비어 있는 신문 진열대 / TokenPost.ai (macro)

An Oct. 24 technical setup put $4.691 as the level above which the short-term bearish view of NEAR Protocol (NEAR) would be invalidated.

The setup identified a move below $4.438 as the bearish breakdown condition, with $4.040 as the first downside target. The $4.691 level marked the point above which the bearish thesis was invalidated.

The setup used a price snapshot near $4.52 at 7:30 a.m. ET (11:30 UTC) Oct. 24.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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