$NEAR is trading around $4.84, having dropped from a daily high near $5.20. This represents a decline of approximately 6-7% from the peak.
The token saw strong buying pressure earlier in the session, pushing prices above $5.10. However, sellers stepped in aggressively, causing a steady decline throughout the day.
The price is currently testing the $4.84-$4.85 range. A break below this could lead to further downside toward $4.70.
Immediate resistance is now at $5.00, with stronger resistance at the daily high of $5.20.
$NEAR is undergoing a healthy correction after a strong rally. The key level to watch is $4.84. If it holds, the bullish trend driven by record TVL could resume. If it breaks, expect a deeper pullback. Monitor for renewed buying volume near support levels.
The token saw strong buying pressure earlier in the session, pushing prices above $5.10. However, sellers stepped in aggressively, causing a steady decline throughout the day.
The price is currently testing the $4.84-$4.85 range. A break below this could lead to further downside toward $4.70.
Immediate resistance is now at $5.00, with stronger resistance at the daily high of $5.20.
$NEAR is undergoing a healthy correction after a strong rally. The key level to watch is $4.84. If it holds, the bullish trend driven by record TVL could resume. If it breaks, expect a deeper pullback. Monitor for renewed buying volume near support levels.
