Crypto
NEAR Price Dives Under Key Pivot as Bears Take Control
Near (NEAR) is currently trading at $4.97 after shedding nearly 6% in 24 hours, and its price is hovering directly under a key pivot point of $5.00.
The bears seem to own this pivot, with momentum indicators hitting a dead wall, and the next 72 hours will likely decide between a flush to $4.46 or a recovery attempt.
According to Iris Coleman, the recent drop is not just a healthy pullback but a signal that buyers couldn't muster a convincing defense against bears who ran the price down hard from the open.
The volume context of this drop is significant, with $237 million in Binance spot volume alone, indicating real sellers showed up.