NEAR 4H – Demand Zone Holding After Trendline Breakdown

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NEAR 4H – Demand Zone Holding After Trendline BreakdownNEAR / TetherUSBINANCE:NEARUSDTBKVIPNEAR on the 4H timeframe is currently trading around 2.179 after a sharp breakdown from the rising trendline that had been guiding price higher since the May lows, which sent price down aggressively into the demand zone between 1.860–1.920. The demand zone has held on multiple tests since June 5, producing a series of wicks below 1.920 that quickly recovered back inside the zone, suggesting buyers are actively defending this level. Price is now attempting a recovery from the demand zone and pushing back toward the 2.179–2.200 area. The rising trendline that was broken is now overhead resistance. Key Levels To Watch 3.100 → Prior high, major resistance above 2.620–2.640 → Prior breakout level, key resistance 2.400–2.450 → Prior support, now resistance 2.200–2.220 → Minor resistance, current test 2.100 → Prior support zone, now potential resistance 1.860–1.920 → Demand zone, current floor Below 1.740 → Full structure breakdown The demand zone at 1.860–1.920 has now been tested multiple times and held on each occasion, with the wicks below suggesting the zone is absorbing selling pressure. The recovery from this zone is the key development. A hold above 1.920 and a clean break above 2.200–2.220 would confirm the demand zone is holding and set up a potential recovery toward 2.400–2.450 and the prior trendline area. A confirmed close below 1.860 would break the demand zone and open room toward 1.740 and a full structural breakdown. This is a demand zone recovery setup. Hold 1.860–1.920 and break 2.200 → recovery confirmed, eyes on 2.400–2.640. Lose 1.860 → demand zone fails, breakdown toward 1.740. Neutral at current levels. Bias only on confirmed hold of demand zone or breakdown below 1.860.