Technical analysis by Quant_Trading_Pro about Symbol NEAR on 8/3/2025

NEAR is being compressed between a major descending trendline and a historically strong demand zone on the 4H. The setup is classic: 🔻 Lower highs = sustained bearish pressure 🔹 Flat support = buyer interest around $1.50–$2.00 🔄 Stoch RSI is flipping from oversold, hinting at possible relief A clean break below this support would invalidate the setup — but if buyers defend again, we may see a sharp reversal. ⚠️ Watch for: – Bullish divergence or high-volume bounce – Break and retest of the trendline for confirmation – Stop hunts below support before reversal (wick traps)