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NEAR's recent movement is worth paying attention to. The price has effectively broken through the upper band of the Bollinger Bands, which usually indicates an increase in upward momentum. More importantly, the trading volume has also expanded simultaneously, and this combination of price and volume often suggests that there is still room for the trend to continue.
From a pattern perspective, the W-bottom structure has been fully established. The two retests at the bottom area have been supported, and the second bottom has a higher trading volume compared to the first, which is an important signal of the authenticity of the bottom pattern. The volume at the breakout point is sufficient, indicating good participation from buyers.
From a technical analysis standpoint, the short-term upward trend does not show signs of fatigue. There is still some space above the upper band of the Bollinger Bands, and as long as the volume does not shrink, this upward rally still has the potential to continue. The key follow-up is to observe whether it can hold steady near the support level around the upper band.