👀 $NEAR touched $6 and pulled back. Breakout or not?
After rising 30% in three days, NEAR Protocol hit exactly $6.00 today, was rejected, and is now at $5.57. It’s still up more than 11% over 7 days.
🔥 Why it’s catching attention: • The NEAR ETF had its second consecutive week of inflows last week: $13.05 million. • The value locked in NEAR Intents reached $166.9 million on Sunday. • Meanwhile, the ETFs of $BTC saw outflows of $681 million: institutional money is looking for altcoins with a story.
📈 The key level is still $6. If it breaks through with volume, the momentum could continue. If not, a correction after a 30% rise would be normal.
⚠️ Don’t chase the candle. Wait for confirmation and use a stop.
LayerZero is up more than 13% in 24 hours, hovering around $2.40 and leading gains among the large-cap coins, while $BTC is moving sideways near $83K.
📊 What’s happening: • It’s up nearly 28% over the past week. • Bitcoin dominates the market (59.5%), but money is rotating into select altcoins. • The Fear and Greed Index is at 69: optimism is high, but watch out for euphoria.
⚠️ Rallies like this are often followed by profit-taking. If you enter, set your stop and don’t chase green candles.
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