NEAR / TetherUS

Double bottom pattern

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NEAR has registered a 16% price growth in the past day. Its price has formed a double bottom pattern on its support level in the range of $1.30 to $1.17. Confirmation of the pattern by breaking the $1.37 range caused the NEAR pump and price growth to the $1.66 range. This strong reversal can become a trend reversal wave in the daily time frame. But it has made the 4-hour time trend upward. Therefore, in the 4-hour timeframe, pullbacks towards the support of the $1.37 to $1.44 range can be associated with a positive reaction. Therefore, after the pullback, we can expect another upward movement to the range of $1.75.

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