I think the markets are still undervaluing $NEAR by a long stretch.
It's the largest position in my #Altcoin portfolio, and I think it's ready for a big upward breakout.
I've started to emphasize the BTC valuations of #Altcoins at this stage, as that will tell me whether I'll be outperforming Bitcoin (otherwise I'd be better off holding Bitcoin).
Given that NEAR Intents is taking off and the number of swaps is constantly increasing --> a higher amount of revenue is generated.
It opens the door to more upside for the protocol itself, as the current valuation relative to revenue (P/E ratio) is still substantially lower than Solana's or Hype's.
Technically, it's facing strong resistance on the BTC pair, which should be able to break upwards if it does.
If that does happen, and as the markets build stamina through higher highs and higher lows, we can expect a 40-50% run against Bitcoin on this pair.
- Given the huge volume spike and rapid reversal after a liquidity sweep, I expect upward continuation—likely a move to test the next resistance at 0.3444, then 0.3483, and potentially 0.3546 if momentum holds. - The ideal scenario: wait for a minor pullback to 0.3409 or even as deep as 0.3367. Watch for bullish confirmation (such as a pin bar, bullish engulfing, or a reversal structure on 5m) before entering long. - Entry: On confirmation around 0.3409–0.3367, with initial targets at 0.3444, 0.3483, 0.3546. Move stop to break even after the first target is hit. - If price fails to hold above 0.3367 and breaks below 0.3210 (the most recent swing low), bias shifts bearish, and I would stay out until a new base is confirmed. - This kind of volume/price reversal often marks the beginning of a new leg up, but confirmation is key—don’t chase, wait for the setup.
📝 This is not investment advice, just an educational analysis. Always wait for clear confirmation signals and manage your risk!