NEAR Price Hovers Near Key Support at $1.65 Amid Market Indifference

The NEAR Protocol has been quietly bleeding out at $1.65 as it trades below its SMA 7, SMA 20, and SMA 50 levels.

This is not a panic selling situation but rather indifference that often precedes violent price movements in either direction.

The broader AI-blockchain narrative that drove Layer-1 premium valuations earlier this cycle has largely gone cold.

Momentum has essentially called a ceasefire, and the stochastic oscillator is deeply embedded in oversold territory, with %K at 16.36 and %D at 13.09.