$NEAR , damn, that drop came out of nowhere.
Currently around $5.17
Down about 11.5% in 24h, with weak volume
Analysis:
It failed to hold above that $6 peak earlier and has been dumping ever since. This drop from around $6 came with barely any decent rebound along the way, and the $5.8 opening price was lost a while ago. It’s now stuck around $5.17, with the nearest structural support below at $4.89, around today’s low. The key issue is that volume is weak, which suggests selling pressure hasn’t fully dissipated, while buyers aren’t stepping in with much enthusiasm either. If $4.89 doesn’t hold, the next level to watch is around $4.5, a consolidation zone from before the previous rally. With this setup, any rebound above $5.4 would count as a recovery, but first we need to see whether this sell-off stops.
Can you still sit tight?
Currently around $5.17
Down about 11.5% in 24h, with weak volume
Analysis:
It failed to hold above that $6 peak earlier and has been dumping ever since. This drop from around $6 came with barely any decent rebound along the way, and the $5.8 opening price was lost a while ago. It’s now stuck around $5.17, with the nearest structural support below at $4.89, around today’s low. The key issue is that volume is weak, which suggests selling pressure hasn’t fully dissipated, while buyers aren’t stepping in with much enthusiasm either. If $4.89 doesn’t hold, the next level to watch is around $4.5, a consolidation zone from before the previous rally. With this setup, any rebound above $5.4 would count as a recovery, but first we need to see whether this sell-off stops.
Can you still sit tight?