A breakout to the upside could push the price towards $5.8. Indicators suggest active buying for NEAR, with the Parabolic SAR and Relative Strength Index (RSI) pointing towards an upswing.
Additionally, massive liquidity outflows favor NEAR, with netflows of $1.62 million over the past seven days, indicating a bullish outlook as investors move assets off exchanges. Traders are largely bullish on NEAR’s prospects, although it has only registered modest gains over the last 24 hours and 7 days.
The support level of $4.604 plays a crucial role in determining the next move for NEAR, as its failure to hold could result in a further decline.
NEAR, a cryptocurrency, is demonstrateing potential for a price boost as it enters a symmetrical triangle formation on the price chart. However, if the support at $4.604 holds, NEAR could rally to its peak of $5.871. If this trend of negative netflows continues, it would further confirm strong bullish sentiment for NEAR.
