$NEAR just approved a 36% cut to token issuance with 99.96% support, and the price fell 9% the same day. Sell the news? 🚨
Price is around $3.75 to $3.87, down about 14% on the week and roughly 81% below its all-time high. The decline extends the correction that followed October's rally toward $6, and AI-related coins are being sold across the board. 👀
Levels I'm watching:
🟣 $4.30: broke down on November 2, now a ceiling
🔴 $4.00: round number, reclaim it first
🟢 $3.74: support, being tested right now
⚠️ Lose $3.50 and $3.42 comes into view
The reality check: the cut isn't live yet. The lower issuance cap needs validator adoption and a roughly 90-day grace period, and staking yields don't change before February 2027.
My plan: no catching the knife. I want a daily close back above $4.00 before I get bullish, and I'm out if $3.50 breaks.
Long-term bullish, short-term bleeding. Who's right? 👇
#Near #NEARProtocol #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Wise Analyze
Price is around $3.75 to $3.87, down about 14% on the week and roughly 81% below its all-time high. The decline extends the correction that followed October's rally toward $6, and AI-related coins are being sold across the board. 👀
Levels I'm watching:
🟣 $4.30: broke down on November 2, now a ceiling
🔴 $4.00: round number, reclaim it first
🟢 $3.74: support, being tested right now
⚠️ Lose $3.50 and $3.42 comes into view
The reality check: the cut isn't live yet. The lower issuance cap needs validator adoption and a roughly 90-day grace period, and staking yields don't change before February 2027.
My plan: no catching the knife. I want a daily close back above $4.00 before I get bullish, and I'm out if $3.50 breaks.
Long-term bullish, short-term bleeding. Who's right? 👇
#Near #NEARProtocol #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Wise Analyze
