🔥 $NEAR Still in a Downtrend — But Early Bottoming Signals Are Emerging
$NEAR has been under heavy pressure, and the broader structure remains bearish. However, price action near the lows is starting to show potential exhaustion, making this an interesting contrarian watch rather than a blind buy.
📉 Volume Insight Recent session volume dropped sharply to ~22K, a massive decline compared to the ~114M volume seen during the Jan 24 sell-off.
Low volume during consolidation often suggests selling pressure is weakening — a classic sign of seller exhaustion.
💰 Capital Flow Overview
Derivatives: Still bearish
• -$2.27M (24h)
• -$17.69M (7d)
Institutions have not flipped bullish yet.
Spot Market: Small +$228K inflow (24h)
This could indicate early accumulation by retail or smart money near the lows.
📊 Price Action – $NEAR Price is consolidating around 1.46–1.48, holding near local lows.
Immediate resistance: 1.4850 A breakout with volume could trigger a short-term relief rally.
Alternative setup: A pullback to ~1.4610 with RSI < 35 may offer a better risk-reward entry.
🧠 Trade Plan (High-Risk, Contrarian)
Entry: • Break and hold above 1.4850, or
• Dip to ~1.4610 with RSI oversold
Stop-loss: 1.4300
Target 1: 1.5907
Target 2: 1.6933 (only if market sentiment turns risk-on)
⚠️ Risk Note This is not a trend trade. The macro structure is still bearish. Position sizing and confirmation are critical.
A clean breakdown below 1.38 invalidates the entire bullish thesis.
👀 Are you watching $NEAR here, or waiting for deeper downside before considering entries?
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