$NEAR looks weak here, and that’s the truth. 📉
I’ve been burned fading “cheap” coins before, so I’m not romantic about it. Price is $1.82, volume is only $29.4M, and the last 4h dumped another 3.6% while RSI sits at 42. But it’s still above the 20d and 50d MAs, and funding is +0.005%, so longs are paying. That’s the setup: bullish structure, ugly tape. If $1.80 cracks, I’d stay patient; if it holds, maybe the $XRP -style grind continues. ⚠️
Risk here. Bull or bear on $NEAR ?
#NEARProtocol
#Altcoin
#Layer1
I’ve been burned fading “cheap” coins before, so I’m not romantic about it. Price is $1.82, volume is only $29.4M, and the last 4h dumped another 3.6% while RSI sits at 42. But it’s still above the 20d and 50d MAs, and funding is +0.005%, so longs are paying. That’s the setup: bullish structure, ugly tape. If $1.80 cracks, I’d stay patient; if it holds, maybe the $XRP -style grind continues. ⚠️
Risk here. Bull or bear on $NEAR ?
#NEARProtocol
#Altcoin
#Layer1