Parabolic

Time

<ul class="wp-block-list">
 <li>Near Protocol shows a bearish trend, with prices down across all timeframes.</li>  
 <li>Key price levels indicate possible further declines, targeting $3.833 and $3.494.</li>  
 <li>Market sentiment leans towards selling, but recovery signs could signal potential buying opportunities.</li> 
</ul>  
<p>Near Protocol is currently exhibiting a bearish outlook, with prices <a href="https://cryptonewsland.com/crypto-nose-dive-as-near-protocol-near-and-ondo-ondo-bleed-on-all-charts-investor-focus-shifts-to-rollblocks-rlbk-exceptional-presale-performance/" rel="noopener noreferrer nofollow">trending down across all timeframes</a>. Over the past month, NEAR has dropped by 6.00%, and weekly figures show a 7.85% decline. In the last 24 hours alone, prices fell by 1.82%.</p>  
<p>While a slight recovery might keep NEAR in a consolidation range, a strong upward move looks unlikely. Market sentiment leans heavily towards sellers, dampening hopes for a quick turnaround.</p>  
<h2 class="wp-block-heading" id="h-more-downward-pressure-for-near-protocol">More Downward Pressure for Near Protocol?</h2>  
<p>Since October 2nd, <a href="https://coinmarketcap.com/currencies/near-protocol/" rel="noopener noreferrer nofollow">NEAR</a> has traded between $5.005 and $4.561, moving within a consolidation phase. This pattern usually suggests accumulation, but for NEAR, the opposite seems true—distribution is likely. If sellers push further, two key price levels could be in sight: $3.833 as the first target and $3.494 if bearish forces persist.</p>  
<p>Recent data from Coinglass paints a clear picture. Of the $388.22k liquidated, $377.36k came from long positions, and only $10.86k from shorts. This imbalance suggests short sellers dominate, nudging prices lower. Meanwhile, a drop in the Weighted Funding Rate indicates that short positions are paying to hold, further confirming a <a href="https://www.investopedia.com/terms/m/marketsentiment.asp" rel="noopener noreferrer nofollow">bearish sentiment</a>.</p>  
<h2 class="wp-block-heading" id="h-can-near-protocol-near-bounce-back">Can Near Protocol (NEAR) Bounce Back?</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/Mayhem247Ai/status/1849151884575269168
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</figure>  
<p>Despite the ongoing bearish trend, market sentiment hints at a possible rebound, as the above post highlights. The Parabolic SAR, a key tool for traders, has plotted dots below NEAR's price, which may signal a shift. This pattern suggests that some traders are quietly buying NEAR, betting on a turnaround.</p>  
<p>If these signs hold, NEAR might maintain its position within the current range, and even see a breakout if the overall <a href="https://cryptonewsland.com/near-eyes-6-with-bullish-breakout/" rel="noopener noreferrer nofollow">market sentiment brightens</a>. Still, the bearish trend is strong, and a significant shift would be needed for a reversal.</p>  
<p>Near Protocol (NEAR) now stands at a crucial point. Sellers keep applying pressure, yet glimpses of recovery provide hope. Traders must watch key levels and signals closely. Any change could reshape NEAR's short-term outlook.</p>   
<p>The post <a href="https://cryptonewsland.com/near-protocol-struggles-amid-bullish-momentum/" rel="noopener noreferrer nofollow">NEAR Struggles Amid Bullish Momentum, Time to Buy or Sell?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

NEAR Struggles Amid Bullish Momentum, Time to Buy or Sell?

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