$NEAR
Weakened Confidence: The Rhea Finance oracle hack exposed security vulnerabilities in DeFi protocols on NEAR, eroding investor confidence in its safety. This caused the price of NEAR to fall 2.4% in 24 hours, although some assets have been recovered. The market reflects systemic risk rather than an isolated issue.
Volatile Technical Structure: Technical data shows NEAR/USDT remaining in the 1.37–1.40 USDT range, with both RSI and KDJ giving neutral signals. This reflects that selling pressure is no longer too strong, but buying momentum has not yet formed, consistent with the wait-and-see sentiment awaiting confirmation of the fix.
Capital Settlements: After several days of net outflows, capital returned +2.46M USD, but not enough to create a breakthrough. The long/short ratio at 2.3 indicates that buyers still dominate, but the inflow is mainly short-term speculative. If the technical recovery project is successful, this buying pressure will act as a catalyst for a technical rebound.
Short-term (1–7 days): Maintain a defensive stance
Core logic: The Rhea Finance incident damaged short-term confidence; price fluctuations are technical in nature.
Action direction: If NEAR/USDT remains above 1.40 USDT, consider opening a small buy position; if it breaks below 1.35 USDT, exit all positions.
Key observation: Monitor Rhea Finance's fix announcement and the reaction of stablecoin capital flows within the NEAR system to confirm a return to positive sentiment.
Medium-to-long term: Structural correction and recovery
Once the project completes its audit and updates the TWAP/multi-feed oracle mechanism, expect NEAR to return to the equilibrium zone of 1.50–1.65 USDT thanks to restored confidence and a return of institutional capital.
