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$NEAR is breaking away from the macro levels of compression, showing promising signs as accumulation occurs on the lower timeframes.
We're seeing movement above the key levels of support in the $2.8-$3.5 range, while still in the macro descending trend. I would love to see the bulls break through the long term downtrend. The legs would then follow to the range of:
- $5.6
- $8.5
- $10.8-$13.1
- $16.5-$20.5
This is a great example of the accumulation range expanding.