$NEAR 📈 Protocol gains 14% – Yet here’s ONE warning traders can’t ignore
#NEAR 📈
Capital is being locked up, yet spot traders are sending a different message.
NEAR Protocol [
$NEAR ] has stayed on the bullish side of the market as it continues to rise, with the altcoin pulling a 14% surge.
While the data points to a strong chance that NEAR rallies further, a structural gap on the chart still signals the risk of a bearish decline should selling pressure surface, even as the altcoin retains room for another upswing
A major structural gap sits above price
Beyond the spot selling, the major concern is the resistance supply sitting ahead of price, which could weigh on NEAR significantly.
At the time of writing, NEAR’s recent rally had pushed the altcoin into a supply-side fair value gap (FVG). The gap often houses selling pressure that could drag on price if the buying momentum behind the rally remains minimal.
Should the supply side exert that bearish pressure, the asset could drop toward two key levels below, the zone between $2.13 and $2.05 on the chart, where buy orders may sit. Further selling momentum could then drive NEAR back to the demand-side FVG.
However, invalidating the supply-side FVG could send price as high as the $2.97 and $3.08 levels, where it could face slight pressure from traders in that zone.
🔸NEAR climbed 14% as more capital flowed into the protocol, a sign that investor confidence has been building rather than fading.
🔸Despite the gains, signs of selling in the spot market leave the rally’s staying power in question, making the days ahead the real test.