$NEAR triggered a notable short liquidation event, forcing bearish traders to cover positions as price pushed higher and bullish momentum accelerated



The $11.33K short squeeze confirms strong buyer demand and signals that sellers are losing control of the short-term trend

EP
2.24 - 2.28

TP
TP1 2.35
TP2 2.48
TP3 2.65

SL
2.18

Liquidity was taken above recent highs, clearing short positions and creating additional buy-side pressure across the market

The recent squeeze suggests buyers are aggressively reclaiming control, while the removal of bearish leverage supports the potential for further upside continuation

As long as price remains above the reclaimed breakout zone, the bullish structure stays intact and favors continuation toward higher resistance levels

A decisive break above 2.35 could attract fresh momentum traders and accelerate the move toward the next liquidity targets

The $11.33K short squeeze highlights growing bullish participation, putting $NEAR among the stronger momentum setups currently attracting attention

Let’s go $NEAR ‌
NEAR-5.02%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned