Near was moving in a bullish direction, making highs and lows. However, in the recent market downturn, the price broke below the baseline support (orange line). This discouraged the investors and pushed the price further down. Near is currently moving under a curved resistance. If it breaks above the resistance, it targets the upper line at 5. However, if it fails to break above the resistance, the bearish target will be 1.34.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.