NEAR: A Mountain of Resistance Still Lies AheadNEAR / TetherUSBINANCE:NEARUSDTDukesMarketAnalysisRecovery From the Lows NEAR has staged a strong recovery from its recent $1.538 low, with increased buying volume helping price push sharply higher. The bullish divergence at the lows also provided an early indication that selling pressure was beginning to fade. Former Resistance Successfully Retested Bulls have convincingly broken through the important $1.77 resistance level and have so far successfully retested it as support. RSI has also driven back above 50, adding to the improving short-term picture. Immediate Battle Around $2.10 The recovery has now run directly into the $2.10 resistance zone, an area that has rejected price several times in recent months. The latest spike to $2.147 was quickly met by sellers, showing that this remains an important hurdle. Moving Averages Remain Mixed The 100/50-Day EMAs are currently chopping around, reflecting the lack of a clear longer-term directional trend. Price has moved back above both averages, but bulls will want to see them begin turning higher. A Mountain of Resistance Ahead Even if $2.10 gives way, NEAR still faces a long series of previous lower highs overhead. The next key level sits around $2.562, with further resistance likely to remain a feature of the chart all the way towards $3.60. In Summary NEAR's recovery from $1.538 is encouraging, with bulls breaking $1.77, successfully retesting it and pushing RSI back above 50. The immediate battle is now around $2.10, where sellers have already stepped in. A convincing break would represent another important step forward, but the bigger challenge remains overhead. Years of lower highs have left NEAR facing considerable resistance, meaning bulls may have to fight for every step of any continued recovery.