$NEAR quick research note, not a hype thread.

NEAR Protocol is being priced like a narrative reset, not just a candle trade.

Price: $1.7280
Market cap: $2.25B
Rank: #40
FDV: $0.0000
7d / 30d: +4.3% / -12.9%

The part I care about:
Circulating ratio is about 100.0%, so supply pressure belongs in the valuation debate.

Daily trend: Neutral/Consolidating ↔️
RSI: 53.4
Support: $1.5400
Resistance: $1.7700

My read: if $NEAR reclaims resistance, the market starts paying for the story again. Lose support, and I would rather wait than be early. NFA.

Is $NEAR undervalued here, or just another bounce trap?