The analysis of NEARUSDT on the daily and four-hour timeframes indicates that the asset is currently testing a significant support area, labeled as "Bull Market Support." This support is identified around the $1.56 level, correlating with a 78.6% Fibonacci retracement. Price has experienced a sharp decline but remains above this critical support. The asset has been in a correction since March 2024 and is characterized as a sideways, non-trending chart, making definitive bullish interpretation challenging. On a local level, a confirmed five-wave impulse to the upside is absent, which would be a primary indicator of a bullish reversal. Although a small upward reaction was noted, it lacks sufficient dynamics to confirm a bottom. Key resistance is identified at $3.50. For a more bullish sentiment to be considered, a break and sustained movement above $3.50 is essential. Without such a breakout, the asset is expected to remain range-bound between the $1.56 support and $3.50 resistance. No evidence currently supports a confirmed market bottom, suggesting continued caution.