NEAR Price Plummets to $1.86 as Sellers Gain Upper Hand
NEAR's price has dropped by 3.62% in a single session to $1.86, marking a significant decline from its intraday peak of $2.05.
The MACD histogram has gone dark, indicating that bullish momentum has been fully consumed by the selling wave, and buyers are stepping back from the market.
The current price is sitting above the 50-day SMA at $1.78, which aligns with the immediate support level, creating a stacked demand zone.
The derivatives data shows a mixed picture, with top traders on Binance holding a net long position but the taker buy/sell ratio indicating bearish positioning.
Experts believe that the market will make it simple: watch the $1.78 line on the daily close. A hold with improving taker flow is an entry signal for the $2.13 target, while a breach on volume is an exit or hedge signal.