NEAR Price Struggles Below Key Resistance, Warns of Potential Liquidations

NEAR Protocol's price remains under pressure as it trades below major moving averages and key resistance levels near $1.80.

The token has found support around $1.60 but showed a modest rebound, with weak trading volume indicating limited institutional buying.

A cautious technical outlook suggests that NEAR needs to reclaim its moving averages to signal a potential recovery.

Failure to do so could lead to renewed selling and a drop back to pre-summer breakout levels, potentially triggering $4.58 million in leveraged long liquidations if the price drops about 5% to $1.62.