1 week ago
Technical Analysis Shows Volatile Recovery Pattern
NEAR trades successful utmost volatility crossed 24 hours ending 5 August 14:00. Price swings $0.13, marking 5% scope betwixt $2.57 highest and $2.44 floor.
Morning selloff hits hard astatine 07:00, driving NEAR from $2.48 to $2.44. Volume spikes to 3.2 cardinal units, confirming dense organization dumping.
Support holds astatine $2.44 with monolithic measurement backing. Bulls measurement successful immediately. Recovery rally pushes NEAR to $2.54 by league close. Technical reversal signifier emerges arsenic buyers support cardinal enactment zone.
Technical Indicators Highlight Market Dynamics
- NEAR posts $0.13 trading range, representing 5% volatility betwixt $2.57 precocious and $2.44 debased during session
- Morning clang from $2.48 to $2.44 astatine 07:00 triggers monolithic 3.2 cardinal portion measurement spike, confirming organization selling pressure
- Recovery signifier establishes ascending transmission with $2.52 enactment and $2.54 absorption levels
- Final hr from 13:09 to 14:08 delivers bullish breakout pattern, posting 1% gains
- Volume attraction hits 100,000+ units per infinitesimal during 13:33-13:39 window, signaling organization accumulation
- Trading measurement drops to zero successful last 3 minutes, suggesting organization positioning up of imaginable breakout move
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