Technical analysis by TheMoneySpark about Symbol NEAR: Buy recommendation (8/13/2024)

After a rebound on the weekly, Near seems to be close to its bottom from its last low of 0.97$. We should see more buying pressure on NEAR as BTC price gets flat to positive. Target is around 7$ on the soonest. We can see a Potential dip if BTC dips below 54k. but it has been holding up really well to the BTC volatilityWe Successfully broke out and now looking for either a retest or a pump further, BTC will decide the rest, BTC below 60k will add more pain to the market