š„ These coins have been kind of interesting latelyā¦
NEAR ($1.856) has taken a bit of a breather. Itās down 6.73% over 24h, down 2% over 4h, and over the past hour itās basically gone nowhere. The intraday high is 2.047 and the low is 1.827, and the price is grinding along right near the lower edge of the range.
The reasons for the drop donāt seem complicatedāmainly two things: first, the hype from the AI + public chain run-up has cooled off in the past couple of days. NEAR rode the wave with AI Agents and on-chain AI narratives, got a momentum burst, and once sentiment turned cold, the money pulled out immediately. Any rally propped up mainly by narratives is the least reliable; second, the overall market is consolidating on shrinking volume. Altcoins get drained firstāNEAR, as a second-tier public chain, is hit right away. Itās the kind that drops harder than the broader market. Trading volume is a bit over forty million (in CNY terms), not exactly explosive, which suggests a slow bleed rather than panic selling. Thereās no big volume spike to indicate a volume-driven crash, so a near-term collapse isnāt likely.
For support, look around 1.82ā1.83, roughly the 24h low area. If that breaks, it could head toward 1.75. For resistance, first watch 1.90, then the prior high around 2.05. My short-term view is that itās likely to range and grind the bottomāunless the AI narrative comes for a second wave, donāt expect an instant turnaround. Whether 1.82 can hold is the key; if it canāt, thereās still another leg down.
Overall, the market feels lukewarm: the hot spots are scattered, the capital is cautious, and the trading āearnings effectā is weak. In this kind of environment, donāt chase. Wait until the direction becomes clear.
NEAR ($1.856) has taken a bit of a breather. Itās down 6.73% over 24h, down 2% over 4h, and over the past hour itās basically gone nowhere. The intraday high is 2.047 and the low is 1.827, and the price is grinding along right near the lower edge of the range.
The reasons for the drop donāt seem complicatedāmainly two things: first, the hype from the AI + public chain run-up has cooled off in the past couple of days. NEAR rode the wave with AI Agents and on-chain AI narratives, got a momentum burst, and once sentiment turned cold, the money pulled out immediately. Any rally propped up mainly by narratives is the least reliable; second, the overall market is consolidating on shrinking volume. Altcoins get drained firstāNEAR, as a second-tier public chain, is hit right away. Itās the kind that drops harder than the broader market. Trading volume is a bit over forty million (in CNY terms), not exactly explosive, which suggests a slow bleed rather than panic selling. Thereās no big volume spike to indicate a volume-driven crash, so a near-term collapse isnāt likely.
For support, look around 1.82ā1.83, roughly the 24h low area. If that breaks, it could head toward 1.75. For resistance, first watch 1.90, then the prior high around 2.05. My short-term view is that itās likely to range and grind the bottomāunless the AI narrative comes for a second wave, donāt expect an instant turnaround. Whether 1.82 can hold is the key; if it canāt, thereās still another leg down.
Overall, the market feels lukewarm: the hot spots are scattered, the capital is cautious, and the trading āearnings effectā is weak. In this kind of environment, donāt chase. Wait until the direction becomes clear.