NEAR Protocol: 72% of traders bet on a rally, yet 2 signs suggest caution

• Near it created a double bottom for $ 1.85, but the growing long liquidation of a lively confidence of escape.
• Pure drain and rising sentiment supported the bull case, but the resistance remains intact.

Near the protocol [NEAR] He traded for $ 2.13, at the time of printing that faces the decisive repetition of the downward trend resistance after creating a clean double bottom for $ 1.85.

This setting often indicates the trend of exhaustion and potential reversal, especially when paired with increasing business activity. For a bull confirmation, altcoin must definitely break this level of resistance.

If you do not do so, it can invalidate the thesis and leave almost vulnerable other disadvantages. The next few sessions are likely to confirm the direction.

Merchants accumulate, but it’s too, too, too early ??

4th July, the location of Binance merchants revealed an increasingly backrest of the sentiment. Long accounts dominated 72.19%, which shifted a long/short ratio to 2.60.

This reflects the aggressive bull speculation that close to the falling resistance soon.

However, when optimism becomes overcrowded, this often leads to the risk of liquidity. If the price does not release, this overrated structure could cascade in forced exits.

Optimism returns, but will it maintain?

Dear Sentiment, according to Santiment, climbed to +0.427 after days in the negative area. This jump shows that the merchants’ confidence has returned – at least temporarily.

Historically permanent positive sentiment supported movements upwards, but short -term spikes often lead to reversal.

The sentiment must therefore remain increased to maintain momentum. If it diverts again when the price remains flat, it can confirm the local peak.

Does this confirm the belief or overheating of the signal?

On July 4, Binance financing rates rolled over to +0.01%, which means that Longs paid shorts. This promotes bull momentum, but the size matters.

The measure is still modest, suggesting a healthy location rather than excessive speculation. However, financing can further increase if Longs continue to accumulate without escape and risk pressing.

Therefore, this data is currently supporting cautious optimism – but traders should monitor fast spikes that can pretend exhaustion.

Why are $ 2.22 million in drainage with a key signal for nearby bulls?

On July 4, he saw a net drain of $ 2.22 million from stock exchanges, indicating that investors withdraw tokens from centralized platforms.

This is often interpreted as a possession of behavior rather than intending to sell.

If this trend persists, the pressure is reduced to short -term sale and creates a stronger base for escape attempts. However, the inflow of the stock exchange would have weakened this case sharply.

Are long disposal a warning signal for excessive confidence?

Despite growing optimism, liquidation data shows that long positions have suffered losses of $ 269.99,000.

This imbalance indicated that the bulls could jump too early to be caught in the local move.

Although this is not catastrophic, this liquidation event emphasizes fragility in the current uptrend. If similar imbalances appear again, it may disrupt the self -confidence and delay of escape attempts.

Can near bulls avert resistance to support?

Near Bull’s twists was supported by a strong sentiment and aggressive long location. However, increased disposal and unconfirmed breakouts signal carefully.

Escape over the falling trend line with a continuing point outflow and stable financing would strengthen the bull case. Until then, the market remains in the critical decision zone.