NEAR: The Bigger Picture Still Favours Continuation NEAR / TetherUSBINANCE:NEARUSDTDukesMarketAnalysisWeekly Structure Remains Bullish NEAR has staged an impressive recovery from its February low at $0.841, establishing a bullish primary trend and reclaiming the important weekly resistance around $3.34. Despite the recent pullback, the broader structure continues to favour the bulls. The 0.618 Fib Attracts Sellers The recent advance reached $6.00 before sellers stepped in around the significant 0.618 Fibonacci retracement at $5.416. This rejection has brought price back below the Fib level, although it has yet to undermine the wider bullish recovery. Weekly EMAs Approaching a Bullish Cross The 100/50-week EMAs are converging and appear close to producing a bullish crossover, following the substantial recovery from the February lows. Such a development would add further weight to the improving long-term technical picture. Daily Range Shows Accumulation and Distribution The daily chart continues to show repeated buying interest around $4.65 and selling pressure near $5.40, with failed breakouts occurring at both ends of the range. This suggests buyers and sellers remain active, although the relatively neutral volume provides little indication of which side will eventually prevail. Momentum Reflects Two Different Timeframes Weekly RSI remains strong above 50, having recently entered overbought territory, while StochRSI is also elevated. On the daily chart, RSI is hovering just above 50 and StochRSI remains near oversold conditions, reflecting the current sideways consolidation. In Summary NEAR's broader recovery remains constructive, with the primary trend bullish and the weekly EMAs approaching a potentially significant crossover. However, the daily chart continues to show clear distribution around $5.40 and accumulation towards the range lows. Larger players may still look to accumulate at lower prices before another sustained advance. Until price breaks convincingly from this consolidation, short-term traders may continue to favour opportunities within the established range rather than anticipating an immediate breakout.