This zone served as a significant support floor back in December, making it a major supply area that the bulls need to reclaim now. While the buying pressure is consistent, the RSI at 69 suggests the move is getting a bit overextended in the short term. A decisive 4H close above this resistance would open the door toward $1.60, but until that's confirmed, we're still just trading under a heavy ceiling.
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$NEAR is retesting a pivotal level at $1.40.
This zone served as a significant support floor back in December, making it a major supply area that the bulls need to reclaim now.
While the buying pressure is consistent, the RSI at 69 suggests the move is getting a bit overextended in the short term.
A decisive 4H close above this resistance would open the door toward $1.60, but until that's confirmed, we're still just trading under a heavy ceiling.