$NEAR 🔴 BEARISH
As Cointelegraph reports, monthly capital entering bitcoin has approached 5 billion, even as the cryptocurrency's recent price surge has lost momentum.
With Bitcoin attracting nearly 5B in monthly new capital inflows, altcoins like NEAR tend to see reduced fresh money allocation as investors concentrate in BTC — this dynamic may help explain NEAR's 15% daily decline, oversold 1H RSI of 32, and unusually elevated volume (3.55× average) suggesting heightened selling pressure rather than new demand entering the asset.
NEAR trades at 4.59, -15.19% over 24h.
Dip worth buying, or a falling knife?
📊 #Altcoins #Crypto $TIA $CTSI
As Cointelegraph reports, monthly capital entering bitcoin has approached 5 billion, even as the cryptocurrency's recent price surge has lost momentum.
With Bitcoin attracting nearly 5B in monthly new capital inflows, altcoins like NEAR tend to see reduced fresh money allocation as investors concentrate in BTC — this dynamic may help explain NEAR's 15% daily decline, oversold 1H RSI of 32, and unusually elevated volume (3.55× average) suggesting heightened selling pressure rather than new demand entering the asset.
NEAR trades at 4.59, -15.19% over 24h.
Dip worth buying, or a falling knife?
📊 #Altcoins #Crypto $TIA $CTSI