Friends, the market situation has changed noticeably over the past two days (since the October 18 post). Our previous trading plan needed confirmation, and the market has made things clear. NEAR Protocol ($NEAR) has lost ground locally and is trading around $4.70–$4.75, falling below the psychological $5.00 level. [1, 2]
The short-term bullish momentum has faded, but on-chain metrics and institutional investors are sending very different signals. Let’s review the latest developments and revise the setup to reflect the new reality. [1, 2]
📉 What’s changed technically (bearish pressure):
Moving average breakdown: On the 4-hour timeframe, NEAR broke below the 50-period EMA ($5.01). The bears are pushing the price toward key long-term support — the 200-period EMA around $4.55. [1]
Indicators: RSI has slipped into mildly neutral territory (around 43), while MACD has confirmed a bearish crossover, pointing to a temporary weakening of buyers. [1]
🐳 What’s happening behind the scenes (bullish accumulation):
ETF buying spree: Despite the price falling below $5.00, the institutional Bitwise NEAR ETF (NRR) recorded net inflows of +$5.42 million just yesterday. Over the past few weeks, major players have poured more than $80 million into the ETF. Smart money is using this dip to buy. [1]
Fundamental boom: According to the latest quarterly report, cross-chain transaction volume through NEAR Intents exceeded $32–$35 billion. What’s more, the network used $8 million in collected fees to directly buy back NEAR tokens from the market. [1, 2]
🛠 Updated trading plan (for current market conditions)
Blindly buying right now “for a bounce” is risky, as the price could be pushed a little lower. Let’s wait for consolidation at strong levels. [1, 2]
🟢 Accumulation / Entry zone: $4.55–$4.68 (an ideal area to test the 200 EMA, where a strong buyer reaction is expected). Alternatively, an aggressive entry on a breakout and close above $5.03. [1]
🔴 Stop Loss: $4.38 at the close of the 4-hour candle (below this level, the structure will definitively break down toward $4.00). [1, 2]
🔵 Updated Take Profits:
TP 1: $5.02 — former support, now the nearest resistance (take 30% off).
TP 2: $5.57 — the local high from late September.
TP 3: $6.00+ — a medium-term target if ETF inflows resume.
🤝 My support still stands
As I go through the hardest period of my life after losing my wife and learn to rebuild our daily lives for my daughter (7) and son (6.5), your comments and our shared trading are helping bring me back to life. Thank you for your warmth.
As promised, if you have any stuck positions or don’t know what to do with your portfolio right now, post the coin ticker and your entry price in the comments below. We’ll assess the situation together, without unnecessary panic.
👇 Vote on NEAR after the pullback:
🔥 — Great discount, I’m buying spot from $4.55!
👀 — I’ll wait for the coin to drop below $4.00; the trend has reversed.
#NEAR #NearProtocol #CryptoTrading #TechnicalAnalysis #BinanceSquare
🤝 My support still stands
As I go through the hardest period of my life after losing my wife and learn to rebuild our daily lives for my daughter (7) and son (6.5), your comments and our shared trading are helping bring me back to life. Thank you for your warmth.
As promised, if you have any stuck positions or don’t know what to do with your portfolio right now, post the coin ticker and your entry price in the comments below. We’ll assess the situation together, without unnecessary panic.
👇 Vote on NEAR after the pullback:
🔥 — Great discount, I’m buying spot from $4.55!
👀 — I’ll wait for the coin to drop below $4.00; the trend has reversed.
#NEAR #NearProtocol #CryptoTrading #TechnicalAnalysis #BinanceSquare $NEAR
