NEAR Price at Risk of Plunging Below $1.55

NEAR Protocol's price is currently trading at $1.60, and its momentum is at a critical juncture. According to blockchain.news, if NEAR fails to break above its lower Bollinger Band of $1.55, it will likely open up a move toward $1.45-$1.40.

The asset's technical setup is precarious, with its 4.25% drawdown over the past 24 hours pushing it into the lower quarter of its Bollinger Band range. Momentum is weak and coiled at a dead stop, as indicated by the MACD histogram printing exactly zero.

Furthermore, NEAR's price is pinned below every meaningful short-term moving average, with resistance overhead coming from the 7-day SMA at $1.62, the 20-day SMA at $1.66, and the EMA 12 at $1.64. This could make it difficult for the asset to reclaim its previous levels.

The derivatives market is also telling a conflicting story, with top traders leaning bullish (60/40 long bias) but retail positioning mirroring that with 55% of the crowd long. However, the taker buy/sell ratio indicates sell-side aggression dominating intraday order flow.