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Libra1989
Libra1989
$NEAR has returned to the same support zone that launched every major rally in its history And if this structure continues to hold, the next expansion could target levels many traders have already forgotten Most people focus on the highs What matters now is where every major cycle began The chart highlights three separate moments when $NEAR found support near the same area: Support 1 - 2020 Support 2 - 2023 Support 3 - 2026 Each time price returned to this zone, buyers stepped in and a major bullish phase followed What’s interesting is that $NEAR is testing this support region for the third time in its history Previous visits to this area produced rallies that eventually led to multi-month expansions and cycle highs If the pattern repeats, the first major objective sits near $8.94 This level marked an important rejection zone during the 2024 recovery and remains the first significant barrier ahead Above that sits $20.55 One of the most important resistance levels on the entire chart It’s the area where the strongest wave of selling emerged during the previous cycle and where bullish momentum ultimately failed Markets often remember the levels that shaped prior trends And when support continues holding through multiple market cycles, it tends to become increasingly important That’s exactly what makes the current setup interesting Three separate cycle lows Three separate successful defenses And now a potential move toward the same resistance zones that capped previous rallies If buyers continue defending this historical support area $NEAR could be setting up for another expansion phase toward $8.94 and potentially $20.55 in the next cycle The support has already proven itself three times Now the market decides whether history repeats once again

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