The intuition in my head is: $NEAR —this cycle isn’t over yet. But it has to get through a few key data points first.
In 30 days it rose from 1.93 to 4.82, a gain of 150%; over one year, +74.76%. Its market cap is already ranked 22nd. At the same time, it’s still -76% away from its ATH of 20.44. Put these three numbers together, and what becomes clearer is the position—it feels more like a repair phase reaching the middle of a slope, not the peak of a brand-new bubble. The space above is left by history, not blown up by emotion.
What I care about more is volume. On 9/24 it surged to 2.51B; yesterday it was down to only 900M. Today the price is down 4.92%, and volume is still holding steady. Expanding volume to push up, then contracting volume for a pullback—that’s what a turnover “cooling down” should look like. If it were instead selling-volume expansion driving the drop, the nature would be different.
What needs confirmation is the 4.3 to 4.4 area—that’s the dense trading zone from 9/23 and 9/24. If it retraces there and volume contracts while it holds, then my view stands; if it breaks down and volume expands, it means the prior move was distribution, and I’d be wrong.
No need to pick sides right now—just watch two numbers: whether trading value can get back above 1.5B, and whether there’s follow-through/support during the pullback.
In 30 days it rose from 1.93 to 4.82, a gain of 150%; over one year, +74.76%. Its market cap is already ranked 22nd. At the same time, it’s still -76% away from its ATH of 20.44. Put these three numbers together, and what becomes clearer is the position—it feels more like a repair phase reaching the middle of a slope, not the peak of a brand-new bubble. The space above is left by history, not blown up by emotion.
What I care about more is volume. On 9/24 it surged to 2.51B; yesterday it was down to only 900M. Today the price is down 4.92%, and volume is still holding steady. Expanding volume to push up, then contracting volume for a pullback—that’s what a turnover “cooling down” should look like. If it were instead selling-volume expansion driving the drop, the nature would be different.
What needs confirmation is the 4.3 to 4.4 area—that’s the dense trading zone from 9/23 and 9/24. If it retraces there and volume contracts while it holds, then my view stands; if it breaks down and volume expands, it means the prior move was distribution, and I’d be wrong.
No need to pick sides right now—just watch two numbers: whether trading value can get back above 1.5B, and whether there’s follow-through/support during the pullback.