$NEAR
$NEAR Price Under Pressure – Is a Reversal Coming or More Downside Ahead?
NEAR is currently trading near $1.68, facing strong selling pressure after failing to hold above the $1.72 resistance zone. The recent sharp drop indicates bearish dominance, as the price remains below all key moving averages on the 15-minute timeframe.
Although buyers attempted a recovery from the $1.676 support, the weak volume suggests this move is only a temporary bounce. As long as NEAR stays below $1.70, the risk of further downside remains high.
However, if bulls manage to reclaim $1.70 with strong volume, a short-term recovery toward $1.75 could be possible. Traders should closely watch the support zone, as a breakdown may accelerate selling momentum.
For now, NEAR remains in a wait-and-watch zone, where confirmation is key before entering any trade
