Would you expect a token to slide 5.8% in the same week its community voted to cut new supply by a third? That is NEAR’s Monday.
Where does $NEAR trade?
Binance, 08:35 UTC: $3.50, down 5.76% in 24h, with a daily range of $3.45–$3.75 (Blockchain.News).
Other quotes: CoinGecko later showed about $3.66 (range $3.46–$3.71, no timestamp), and The Crypto Basic had $3.57. So the 24h change runs from about −1% to −5.8% depending on when you look.
Market cap: about $4.8B.
The question for today: does NEAR break $3.26 or $3.68 first?
What does the chart say?
RSI: daily RSI is 36.3, weak but not oversold. The lower Bollinger band sits at $3.28.
Averages: NEAR is below the 20- and 50-day EMAs (both ~$4.18), the 50-day MA (~$4.25) and the 100-day MA (~$4.65). It has also slipped under the 200-day MA (~$3.65, per U.Today).
Resistance: $3.56 (pivot), $3.68, $3.74–3.83 (Sunday and Friday highs), $4.18–4.20.
Support: $3.38, $3.26–3.30, $3.00.
What changed on the fundamentals?
Issuance cut: the House of Stake approved HSP-029 on Nov 2. It would cut maximum yearly issuance from 2.5% to 1.6% over 24 months, about 36% less.
Not binding yet: it still needs Security Council ratification, a 90-day grace period and a validator upgrade.
Staking yield: the gross yield would drop from about 5.27% to about 3.37%.
$NEAR Intents: cumulative volume has passed $37B (about $4.8B in the past month) across more than 37M swaps.
Talos: went live today, giving institutional desks access to Intents solver liquidity through their existing RFQ workflows.
October exploit: a $3.87M flaw in the cross-chain routing layer was patched. The core NEAR ledger wasn’t affected.
ETF: Bitwise’s NEAR fund saw a −$3.6M outflow in the week to Nov 3. Net inflows since launch are $81.2M.
Network: about 500K daily transactions and more than 77K daily active users (U.Today, via DefiLlama). DeFi TVL is $111–175M depending on the source.
Unlocks: none scheduled that I could find.
How is leverage positioned?
Binance futures: open interest is $162.7M (+2.6% in 24h) and 8h funding is +0.0053%. 56.8% of accounts and 61.3% of top traders are long, while takers sold slightly more than they bought.
All venues: perp open interest is about $1.44B, around 30% of market cap.
Liquidations: I found no fresh 24h figure for NEAR.
What else made news?
Talos is the first institutional platform plugged into NEAR Intents.
The House of Stake backed a 36% issuance cut; ratification is pending.
NEAR Intents crossed $37B in total volume.
The Crypto Basic says Sunday’s close below $3.62 broke support and erased the previous rebound.
Where could it go next?
🟢 Bullish: a reclaim of $3.68 and the 200-day MA opens $3.83, then the $4.18–4.20 EMA cluster.
⚪ Base: a $3.26–3.68 range while the issuance cut waits for ratification.
🔴 Bearish: a daily close under $3.26 opens $3.00.
What do analysts say?
Michaël van de Poppe: said he would bid NEAR below $3.50 before a next leg higher.
U.Today (Arman Shirinyan): a loss of $3.30 points to $3.00; recovery starts above $4.20.
The Crypto Basic (Mark Brennan): bearish after support broke.
My read: the supply cut is a slow-burning positive, since nothing changes until ratification. This week the price follows BTC and CPI.
Upcoming events
Tue Nov 10, 15:30: US CPI
Wed Nov 18, 21:00: FOMC minutes
HSP-029 Security Council review and 90-day grace period
Where does $NEAR close on Friday? Give a number 👇
Market overview, not investment advice. Prices at time of writing.