After falling this much, I actually don’t think it looks quite so scary anymore. $NEAR dropped 4.89% in a day to 3.54, just a step away from the 14-day low of 3.45. The 14-day high of 5.45 now feels like a lifetime ago.
The RSI is already down to 31.8. The drop has been sharp and relentless, so it’s a bit oversold in the short term—but being oversold doesn’t mean it’s done falling. It’s hovering right above 3.45; if that level gives way, we’ll see new lows. This is the hardest moment for holders: selling doesn’t feel right, but neither does holding on.
I’m leaning toward sitting tight for now, since 3.45 hasn’t broken yet. If it does, then I’ll reconsider—but if it really falls below 3.45, that would mean this downtrend isn’t over, and we’ll have to look for support lower down.
With it this oversold, are you betting on a rebound or trusting the trend?
$NEAR
#NEAR #Market Analysis
The RSI is already down to 31.8. The drop has been sharp and relentless, so it’s a bit oversold in the short term—but being oversold doesn’t mean it’s done falling. It’s hovering right above 3.45; if that level gives way, we’ll see new lows. This is the hardest moment for holders: selling doesn’t feel right, but neither does holding on.
I’m leaning toward sitting tight for now, since 3.45 hasn’t broken yet. If it does, then I’ll reconsider—but if it really falls below 3.45, that would mean this downtrend isn’t over, and we’ll have to look for support lower down.
With it this oversold, are you betting on a rebound or trusting the trend?
$NEAR
#NEAR #Market Analysis