NEAR has seen a long liquidation near $1.987, showing that leveraged bulls were forced out during the recent decline. Long liquidations often create temporary selling pressure before the market searches for a new equilibrium. Support is located around $1.95, while the first resistance is near $2.05. A recovery above resistance could shift momentum back to the buyers and open the path toward the next target at $2.15–$2.25. Until then, traders should wait for confirmation and avoid chasing weak rebounds.
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