I'm watching $NEAR lead the large-cap slide — down 8.7% to $4.50 while Bitcoin is down just 1.4% to $80,583.
Two camps are forming around the $4.43 floor. Camp one says the floor holds: today's low is the 12-day low, and the Q3 update put Intents volume above $32 billion, up 45% from Q2. Camp two says the tape has already decided: NEAR has slid from $5.71 on October 12 on $117 million of spot selling.
Both camps can't be right about Monday.
Where I land: a floor needs a buyer.
Support $4.43 · Resistance $4.99. A 4-hour close under $4.43 breaks the 12-day base; a reclaim of $4.99 is the first sign the sellers are tired.
What keeps me from joining camp one: a usage story this strong has still sold off all week.
Does $4.43 hold into the weekend, or does a close under it break the base?
NFA. DYOR.
$NEAR #Altcoins #NEARProtocol #RiskOff
Two camps are forming around the $4.43 floor. Camp one says the floor holds: today's low is the 12-day low, and the Q3 update put Intents volume above $32 billion, up 45% from Q2. Camp two says the tape has already decided: NEAR has slid from $5.71 on October 12 on $117 million of spot selling.
Both camps can't be right about Monday.
Where I land: a floor needs a buyer.
Support $4.43 · Resistance $4.99. A 4-hour close under $4.43 breaks the 12-day base; a reclaim of $4.99 is the first sign the sellers are tired.
What keeps me from joining camp one: a usage story this strong has still sold off all week.
Does $4.43 hold into the weekend, or does a close under it break the base?
NFA. DYOR.
$NEAR #Altcoins #NEARProtocol #RiskOff