$NEAR
NEAR Under Heavy Selling Pressure – Is the Market Bottoming Out?
NEAR Protocol is currently facing strong bearish momentum, with price trading near 1.55 USDT after a sharp intraday sell-off. The rejection from the 1.60 resistance zone triggered aggressive selling, pushing the market into a clear short-term downtrend.
Although the price is attempting to stabilize around 1.55, buying strength remains weak and volume continues to decline. This behavior suggests consolidation rather than a confirmed trend reversal. As long as NEAR stays below 1.58–1.60, downside risk remains active
A breakdown below 1.55 could open the door toward 1.52 or even 1.50, while a recovery scenario would require a strong reclaim of 1.58 with volume support. Traders are advised to remain cautious and wait for confirmation before entering aggressive positions.
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