NEAR has recently shown some mild bullish signs, with the price hovering around 1.526, currently running above the 7/25/99 hour moving averages (at 1.512, 1.499, and 1.500 respectively). The overall pattern is not particularly strong, but there are no significant weaknesses—after all, the bottom has held around 1.405. Therefore, it can be said to be somewhere between bullish and cautious.

To truly break the situation, a clean breakthrough is needed. Specifically, it means breaking through the range of 1.53-1.62 (where there is recent resistance and historical highs). Once the level is breached, it may explore towards 1.65-1.70.

Going down, the first support is at 1.50-1.48, and further down is the key swing low at 1.405. If that position holds, it will be relatively stable.

The trading volume is currently showing some scattered impulses, at an overall moderate level. To see a real upward movement, it still relies on sustained buying pressure. The key is whether it can break through this short-term moving average and resistance area. Only then can the upward momentum be confirmed.