NEAR Price at Risk as Overbought Momentum Hits Resistance
NEAR Protocol has seen its price skyrocket to $4.38, but the token's RSI is screaming overbought at 81.64 and MACD momentum is dead flat.
This structural breakout is real, but stretched, according to Jesse Ellis in a recent analysis.
The 24-hour volume on Binance spot alone is clocking $342 million, which signals genuine market-wide attention.
However, the price barely moved in 24 hours and the intraday range shows two-way volatility with the upper end rejected, indicating that the easy money from this leg has already been made.