NEAR 1D – Post-Spike Retrace Back to Rising TrendlineNEAR / TetherUSBINANCE:NEARUSDTBKVIPNEAR on the 1D timeframe is currently trading around 1.970 after a sharp spike from the rising trendline near 1.300 in early May pushed price all the way to a high near 2.900–3.000 before sellers erased a significant portion of that move, with price now pulling back toward the rising trendline currently climbing into the 1.800–1.850 area. The chart shows a rising trendline originating from the February lows near 0.830, connecting higher lows through March, April, and the early May touch near 1.300 before price broke aggressively higher into the spike. That trendline has defined the macro structure across the entire visible chart and now rises into the 1.800–1.850 zone. The spike high near 2.900–3.000 was reached in late May before a sharp reversal brought price back through the 2.200–2.400 area and into a choppy consolidation range. A horizontal level near 1.970–2.000 has acted as a consistent pivot through June and is now being tested as support, sitting just above the rising trendline below. Price has been grinding lower through June and is now compressing between the 1.970–2.000 horizontal level and the rising trendline just beneath, with the trendline closing the gap rapidly as it continues to climb. Key Levels To Watch → 2.900–3.000 – Spike high, major resistance above → 2.600–2.700 – Prior spike consolidation, resistance → 2.200–2.400 – Post-spike distribution zone, resistance → 2.050–2.100 – Minor resistance, prior consolidation → 1.970–2.000 – Horizontal pivot, current support test → 1.800–1.850 – Rising trendline support, dynamic (climbing) → Below 1.650 – Trendline breakdown, macro structure at risk A hold at the 1.970–2.000 horizontal level or a bounce from the rising trendline near 1.800–1.850 would keep the macro structure intact and set up a recovery toward 2.050–2.100 and potentially back into the 2.200–2.400 distribution zone above. A confirmed daily close below the rising trendline near 1.800–1.850 would be the first macro structural break since February, removing the trendline that has held every significant low across this entire chart and opening downside toward 1.650 and below. Post-spike retrace pressing into trendline support, macro structure still intact. Hold 1.800–1.850 trendline → recovery open toward 2.050–2.200. Lose trendline on daily close → first macro break since February, downside toward 1.650. Bias cautiously bullish above rising trendline. Shift only on confirmed daily close below 1.800–1.850.