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Crypto

NEAR Price Plunges Over 11% Amid Heavy Selling Pressure

Guavy AI Editorial Team
Instruments
NEAR
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The price of NEAR dropped by over 11% on the day after heavy selling pressure dominated the session.

This move contradicts the underlying bullish technical structure, with NEAR trading above all key moving averages.

The launch of the first US spot NEAR ETF drew $35-36 million in initial inflows, but this was not enough to counteract the heavy short-term selling.

Despite this volatility, the longer-term momentum remains strong, with Near Protocol's annual inflation rate halved in a mainnet upgrade on October 30, 2025.

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