Volume spiked 5.86x above average while $NEAR dropped 8.67% to $4.319. 📉
Heavy turnover during a pullback highlights aggressive supply absorption, but it also signals intense selling pressure.
A bullish continuation scenario requires reclaiming the prior 4.404 low on rising momentum. Conversely, sustained trading below $4.319 invalidates this thesis and points to continued weakness.
Will this volume spike mark a local capitulation bottom, or does failing to reclaim 4.404 signal deeper downside? Watch the next hourly close to decide
Tap $NEAR for the live chart. #NEAR #BinanceSquare
Heavy turnover during a pullback highlights aggressive supply absorption, but it also signals intense selling pressure.
A bullish continuation scenario requires reclaiming the prior 4.404 low on rising momentum. Conversely, sustained trading below $4.319 invalidates this thesis and points to continued weakness.
Will this volume spike mark a local capitulation bottom, or does failing to reclaim 4.404 signal deeper downside? Watch the next hourly close to decide
Tap $NEAR for the live chart. #NEAR #BinanceSquare