On monthly TF, Near is holding above trendline support ..as far as it close above it near can manage to go in upside direction..if btc decides to break 17k range to 13-15k near will test area of 1.5-2$ ..if btc hold above 17k near will only retest 2.8$ area again..hence it will be between 3-4$ next month too after that it will start a rally with btc to 7-8$ area...
On Monthly timeframe of near ,we can see it has retraced all the way to last year June July levels ..if previous year pattern has to be followed near should bounce off from here to tp atleast 7-7.5$ by the end of next month..as for btc monthly closing above 22.8k would be bullish for it and further rally for 28-30k area would be expected in August month..and there...
As we can see on 1D chart of near there is bearish price action from near as it broke down below the bearish flag pattern ..as for coming weeks price action if btc further dumps from here to 15-16k we might se near touching 2$ area soon ..as for coming week prediction i predict near to go 2.8$ on Sunday night ..
On 1D chart of near ,we can see it has broken falling wedge and successfully closed above it ..if btc does some relief rally from here near would pump 20-30% from here to around 4.2-4.5$ area..Near also holded fairly strong in recent btc dump..and didn't dump much which indicates an upcoming rally from near ..my target for next weekend would be 3.9$
On 4H chart of $NEAR, we can still see that it's inside the falling wedge ,it did broke out of it but came inside again due to btc dump..if near holds 2.8$ area we can see another attempt for falling wedge breakout soon..if this is the bottom of btc we can soon expect a rally from btc and near as well ..if somehow near loses 2.8$ support we can see it at 1.5$ area...
As the crypto market has been going through rough session in June ..I beleive in July near and all crypto would have some sort of relief rally where btc would test 26-28k area ..and near will test 4.5-5$ area ..and NEAR on 1D candle has formed a falling wedge formation ..which is usually bullish pattern..if near brokers the wedge we can see it to rally to 4.5-5$...
Near on 4h TF is inside a decending triangle , which is not good for upper side movement..if near want to break the downtrend it has to break 5.5 and close above it on 4h tf ..doing this would open for pump to 6-6.5$ level ..for now main resistance for near is 6.5 and 7.4$ bypassing 6.5$ can open ways for 7.4 ..but as near token unlocking scheduled this week...
On 1D timeframe of near ..we can see it reclaimed the support of 5.6$ after taking support at 4.6$..to continue the upward movement near need to hold above 5.6$ in 1 day timeframe ..then we can see near at next resistance at around 7.4$ ..if it loses 5.6$ area support next support is 4.6$ ..imo near will test 7.4$ area this week ..my prediction for next Sunday is 6.5$
As you can see on weekly chart , $NEAR holding the 5.6$ support very nicely a close above this area in this week would be good for some upward movement in upto 7.5$ which is now a resistance ..if near breaks this support ,next support lays between 4.4-4.6$ area ...but I belive near will visit 7-7.5$ area first then visit the lower areas unless btc dumps below 27k...
