Looking at the $NEAR daily chart, the price has pulled back from its recent 6.000 peak down to the 4.444 zone with a 2.65% dip.
This correction comes amid mixed market signals: short-term sentiment faced pressure following legal IP controversy between DFINITY and $NEAR Intents, alongside general market profit-taking.
However, solid institutional backing remains visible, backed by recent Bitwise NEAR ETF inflows and the rollout of NEAR Business enterprise treasuries. Technically, with the daily RSI(6) sitting deeply at 32.38 near oversold territory, momentum could shift soon. If buyers step in to trigger a relief bounce, we could see targets around 4.80 and 5.20.
Conversely, failing to hold this support could expose downside risk toward the 3.80–4.00 region. Are you buying this dip for a bounce or waiting for lower levels? Share your thoughts below! 👇
#NEAR #NEARProtocol #EarningsSeason #BinancePick
This correction comes amid mixed market signals: short-term sentiment faced pressure following legal IP controversy between DFINITY and $NEAR Intents, alongside general market profit-taking.
However, solid institutional backing remains visible, backed by recent Bitwise NEAR ETF inflows and the rollout of NEAR Business enterprise treasuries. Technically, with the daily RSI(6) sitting deeply at 32.38 near oversold territory, momentum could shift soon. If buyers step in to trigger a relief bounce, we could see targets around 4.80 and 5.20.
Conversely, failing to hold this support could expose downside risk toward the 3.80–4.00 region. Are you buying this dip for a bounce or waiting for lower levels? Share your thoughts below! 👇
#NEAR #NEARProtocol #EarningsSeason #BinancePick