Futures Frontier Traders has shared a fresh technical analysis of NEAR, outlining two potential scenarios traders may want to watch as the market develops.
According to the community’s analysis, the key level is around $2.40. For the bullish scenario to remain in focus, NEAR would need to reclaim this previous resistance level and turn it into support. If that happens, the analysis suggests the cryptocurrency could make another attempt toward its previous highs, with the chart pointing toward approximately $2.73.
The community also highlights an alternative scenario. If Bitcoin moves lower at the beginning of the week, NEAR could potentially revisit the $2.05 area, which the analysis identifies as another possible buying zone.
The post maintains a positive outlook while recognizing that cryptocurrency markets can move in either direction.
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