NEAR price retreats from $6 as analyst eyes $16: Can bulls hold $4.50?

NEAR price has slipped below $5 after a rejection at $6, putting near-term support under pressure while analyst Giannis Andreou keeps a conditional recovery toward $16 in view. NEAR price traded near $4.97, roughly 17% below the $6 high shown on TradingView. Daily MACD turned negative, with price slightly below the 20-day simple moving average. Weekly Supertrend remained bullish at $2.95, while the Awesome Oscillator stayed above zero. Andreou identified $4.50 as a key floor and $6 as the weekly breakout threshold. TradingView’s Binance NEAR/USDT daily chart showed the token at $4.976 on Oct. 13, down 2.30% for the session.

Source: crypto.news