Technical analysis by Quant_Trading_Pro about Symbol NEAR on 7/29/2025

NEAR is approaching a key inflection point on the 4H timeframe. After breaking above the $2.68–2.70 range — a level that acted as major resistance throughout May and early June — price is now retesting it as support. This kind of structure flip is often seen at critical turning points in a trend, especially when reinforced by other forms of confluence. In this case, the horizontal demand zone aligns perfectly with an ascending trendline that has held since late June, adding technical strength to this area. So far, NEAR has maintained a series of higher lows, indicating bullish structure remains intact — but momentum is clearly weakening. Stochastic RSI is deep in the oversold region, which may point to short-term bounce potential. However, bulls need to defend this level with conviction. If the trendline breaks and price closes below this support box, the door opens for a deeper retracement toward the $2.10 macro demand zone from early summer. This setup is a classic example of trend continuation vs. trend breakdown. Holding the zone could lead to a resumption of the move toward $3+, while failure here would shift the market bias short-term. 📊 Watching for: – Bullish engulfing or wick rejections off support – Trendline breakdown and bearish close – Volume confirmation for either scenario This zone is where patience and confirmation matter most. Let the market reveal its hand.