Investors are witnessing a significant development with the $NEAR coin. It has demonstrated encouraging signs of upward movement, which may indicate a shift in market sentiment.

A confirmed breakout from a bullish rectangle channel on the 4-hour chart suggests a potential change in market dynamics. Following this breakout, the price has effectively retested crucial levels, indicating a solid foundation for further increases.

Currently, the price is stabilizing around important support, which may offer a favorable entry point for long positions. Traders should keep a close watch on this setup, as technical indicators suggest a positive outlook for $NEAR in the near future.

📎 Related coverage from: binance.com