$NEAR 24 hours saw an 8.74% drop, with the volume ratio down to just 0.14. After the shorts smashed the market, even the people who come to “dispose of the bodies” couldn’t be bothered to show up.
First, let’s talk about the chart. In the 4-hour timeframe, the asset has been falling for multiple consecutive days—dropping from 5.409 on September 27 to 4.822 now, with no proper rebound in between. The recent five 4H candles have kept shifting their center of gravity downward. The big bearish candle at 12:00 on October 1 swallowed the gains of the previous two bullish candles. Turnover of 390.6M was a recent peak, and then the trading volume of the next three candles shrank dramatically. This is the classic “breakout on high volume followed by a drop on low volume” pattern—nothing changes: the shorts still dominate.
On market sentiment, the funding rate is -0.0018%, meaning the shorts are getting paid. Bulls have given up, and the shorts are in control. The 24-hour amplitude moved from 5.527 down to 4.738; the range is close to 15%, indicating intense long-vs-short battles—but the shorts won. With a 24H turnover of 1053M, it’s not low at all. The market isn’t that nobody is playing—rather, people who played too much are getting harvested.
Looking at the activity of large holders through volume distribution: the candle with 390.6M turnover clearly wasn’t retail behavior. Either institutions dumped, or large holders sold to cut losses in a panic. After that, volume rapidly shrank to 21.7M (the latest 4H candle), suggesting selling pressure has been released at least in the short term. After the main wave of short-selling, the shorts are watching for now—they’re not adding new short positions.
In terms of volume-price structure: price made a new low, but trading volume collapsed sharply. This is an early signal that downside momentum is exhausting. A volume ratio of 0.14 means current trading is only 14% of the average of the previous 20 candles—an extremely low-volume contraction. Shorts don’t want to open fresh positions, and longs don’t dare to bottom-fish. The market is entering a vacuum period, waiting for a high-volume candle to choose the next direction.
For candle details: after hitting the 5.3–5.5 range on September 30, the price kept falling consecutively to form a small double top. The big bearish candle at 12:00 on October 1 had a body that slammed from 5.111 to 4.914, engulfing the bullish moves of the prior two candles. After that, the center of gravity continued sliding down to 4.803. In the short term, the resistance is the 5.0 whole-number level—once broken, it turns into overhead resistance. Support is 4.738, where there were two recent attempts at lows; if that breaks, look for 4.545 (the low on September 29).
NEAR is an older Layer1 blockchain player with an established user base, focusing on sharded scaling and the developer ecosystem. Over the past couple of years it has also leaned into the AI track, making it a popular “AI + blockchain” themed asset. The technicals and fundamentals aren’t bad, but in the short term it’s still weak along with the broader market—an independent trend isn’t visible yet.
Nini’s plan: at the current price of 4.822, the bearish view remains unchanged. The reduced volume could be brewing a rebound, but until a high-volume bullish candle appears, any rebound is just a continuation of the selloff. Don’t add to positions above 5.0. If you’re in cash, wait to see whether 4.738 can stabilize and form a high-volume bullish close before trying a small long position. Place the stop-loss below 4.738; if it breaks, exit—no hesitation.
If you need a tailored strategy, you can find Nini.
#NEAR #Layer1 #AI
First, let’s talk about the chart. In the 4-hour timeframe, the asset has been falling for multiple consecutive days—dropping from 5.409 on September 27 to 4.822 now, with no proper rebound in between. The recent five 4H candles have kept shifting their center of gravity downward. The big bearish candle at 12:00 on October 1 swallowed the gains of the previous two bullish candles. Turnover of 390.6M was a recent peak, and then the trading volume of the next three candles shrank dramatically. This is the classic “breakout on high volume followed by a drop on low volume” pattern—nothing changes: the shorts still dominate.
On market sentiment, the funding rate is -0.0018%, meaning the shorts are getting paid. Bulls have given up, and the shorts are in control. The 24-hour amplitude moved from 5.527 down to 4.738; the range is close to 15%, indicating intense long-vs-short battles—but the shorts won. With a 24H turnover of 1053M, it’s not low at all. The market isn’t that nobody is playing—rather, people who played too much are getting harvested.
Looking at the activity of large holders through volume distribution: the candle with 390.6M turnover clearly wasn’t retail behavior. Either institutions dumped, or large holders sold to cut losses in a panic. After that, volume rapidly shrank to 21.7M (the latest 4H candle), suggesting selling pressure has been released at least in the short term. After the main wave of short-selling, the shorts are watching for now—they’re not adding new short positions.
In terms of volume-price structure: price made a new low, but trading volume collapsed sharply. This is an early signal that downside momentum is exhausting. A volume ratio of 0.14 means current trading is only 14% of the average of the previous 20 candles—an extremely low-volume contraction. Shorts don’t want to open fresh positions, and longs don’t dare to bottom-fish. The market is entering a vacuum period, waiting for a high-volume candle to choose the next direction.
For candle details: after hitting the 5.3–5.5 range on September 30, the price kept falling consecutively to form a small double top. The big bearish candle at 12:00 on October 1 had a body that slammed from 5.111 to 4.914, engulfing the bullish moves of the prior two candles. After that, the center of gravity continued sliding down to 4.803. In the short term, the resistance is the 5.0 whole-number level—once broken, it turns into overhead resistance. Support is 4.738, where there were two recent attempts at lows; if that breaks, look for 4.545 (the low on September 29).
NEAR is an older Layer1 blockchain player with an established user base, focusing on sharded scaling and the developer ecosystem. Over the past couple of years it has also leaned into the AI track, making it a popular “AI + blockchain” themed asset. The technicals and fundamentals aren’t bad, but in the short term it’s still weak along with the broader market—an independent trend isn’t visible yet.
Nini’s plan: at the current price of 4.822, the bearish view remains unchanged. The reduced volume could be brewing a rebound, but until a high-volume bullish candle appears, any rebound is just a continuation of the selloff. Don’t add to positions above 5.0. If you’re in cash, wait to see whether 4.738 can stabilize and form a high-volume bullish close before trying a small long position. Place the stop-loss below 4.738; if it breaks, exit—no hesitation.
If you need a tailored strategy, you can find Nini.
#NEAR #Layer1 #AI