When near intents incidents occur, about 3.8 million USD is withdrawn from a vault on the BNB Chain. This puts $NEAR under pressure, causing the price to fall from the 5.5u area to 4.7u on the Oct 2 session. After the incident is handled, the bottom-fishing inflow returned, helping the price recover. Today, NEAR has a truly impressive price up-session of over 6%, bringing the price back to the 5.01 range. If buying pressure is still maintained, it suggests the pressure has eased somewhat. Will near continue to shine in the coming time? Or is this rebound merely a buffer zone before the price sinks again?
$NEAR
#NEAR🚀🚀🚀
$NEAR
#NEAR🚀🚀🚀