Near Token Sees $4.58M Liquidation Risk as Price Approaches Key Support

The Near Protocol (NEAR) token has been struggling in recent times and is facing a risk of $4.58 million in leveraged long liquidations if its price drops by around 5% to $1.62.

This could potentially accelerate the decline due to forced sell orders, but NEAR is currently trading near a falling wedge pattern's upper trendline.

This technical setup indicates that a bullish reversal may be possible if Near breaks above resistance levels around $1.77 to $1.85.