🛡️What’s happening with $NEAR right now is a masterclass in manipulation and buyer power.
🎢The coin has been on a real roller coaster: after a strong monthly rally (almost +100% in a month), the asset plunged 16.37% yesterday (from $5.33 to $4.46), wiping out everyone trading on leverage. Today, it’s bouncing back +8.6%, trading around $4.93.
Here’s what this case is showing right now:
⚽Market maker games with liquidations: A 16% drop in 24 hours wiped out all borrowers using 5x leverage. A classic shakeout of weak hands before the next surge.
💪Incredible momentum: Despite the plunge, $NEAR remains one of the strongest altcoins in the top 20 in terms of recovery pace.
🛡️Technical picture: The coin is holding a key support zone. If it manages to hold the $4.8–$4.9 level, short sellers will have to buy back their positions at a higher price.
Forecast: The potential to test the $5.50–$5.80 range remains, but volatility will stay wild. In markets this choppy, it’s better to avoid leverage and calmly watch how trading volumes respond.
What do you think—will NEAR’s party continue, or are you expecting it to drop below $4.50? Let us know in the comments 👇
DYOR / NFA
#NEAR
🎢The coin has been on a real roller coaster: after a strong monthly rally (almost +100% in a month), the asset plunged 16.37% yesterday (from $5.33 to $4.46), wiping out everyone trading on leverage. Today, it’s bouncing back +8.6%, trading around $4.93.
Here’s what this case is showing right now:
⚽Market maker games with liquidations: A 16% drop in 24 hours wiped out all borrowers using 5x leverage. A classic shakeout of weak hands before the next surge.
💪Incredible momentum: Despite the plunge, $NEAR remains one of the strongest altcoins in the top 20 in terms of recovery pace.
🛡️Technical picture: The coin is holding a key support zone. If it manages to hold the $4.8–$4.9 level, short sellers will have to buy back their positions at a higher price.
Forecast: The potential to test the $5.50–$5.80 range remains, but volatility will stay wild. In markets this choppy, it’s better to avoid leverage and calmly watch how trading volumes respond.
What do you think—will NEAR’s party continue, or are you expecting it to drop below $4.50? Let us know in the comments 👇
DYOR / NFA
#NEAR