NEAR Protocol struggles to find support as technical indicators turn bearish, with price slipping below $1.50.
What's Happening:
Price dips to $1.48 amidst broader market "Extreme Fear" (16)
Technical indicators show weakening trend on multiple timeframes
Projected average price for Dec 2025 remains low around $1.70
Development continues on "Chain Abstraction" despite price action
Why It Matters: NEAR is a high-beta asset, meaning it suffers more during risk-off periods. The lack of a specific bullish catalyst right now leaves it vulnerable to macro gravity. Chain abstraction remains the long-term play.
Technical View: $NEAR has lost the $1.50 psychological level. Use caution. Next support is $1.35. Resistance is getting heavy at $1.60. A flush out might be needed to reset the leverage.
🎯 Key Levels:
Support: $1.35 | Resistance: $1.60
24h Range: $1.45 - $1.52
💡 Bear markets build the simplified UX of bull markets
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#NEARProtocol #NEAR #Web3 #ChainAbstraction #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
