$NEAR exhibits textbook distribution patterns on its 4H timeframe. Following repeated rejections across the $5.50–$5.60 resistance barrier, price staged an aggressive sweep toward $5.90 before abruptly collapsing back within the range—a classic Upthrust After Distribution (UTAD) signature. Subsequent price action reveals ongoing structural deterioration, characterized by descending highs and persistent tests against the $4.60–$4.70 support zone. Should the key $4.50 floor give way, momentum will likely cascade downwards to establish a macro higher low pivot on the daily chart.