NEAR Bears Likely to Retreat as Short Liquidations Hit $1 Million

Tuesday, 16 July 2024, 13:26
The article analyzes the recent uptrend in NEAR's price and the potential impact of $1 million short liquidations. Highlighting the importance of securing crucial support at the 23.6% Fibonacci retracement level, the post delves into the market dynamics affecting NEAR's price movement. In conclusion, the analysis suggests that bearish sentiment may weaken as short positions are liquidated, potentially paving the way for a bullish reversal in NEAR's price.
Be in Crypto
NEAR Bears Likely to Retreat as Short Liquidations Hit $1 Million

NEAR Price Analysis

The current uptrend in NEAR's price could stall if it fails to secure crucial support at the 23.6% Fibonacci retracement level.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe