NEAR Whales Accumulate as Retail Fades

NEAR's price has plummeted by over 90% from last year's bull thesis, with some predicting a possible recovery. At $1.66 on Binance, the asset is clinging to the $1.65-$1.67 range, but buyers have yet to break through the $1.68 immediate resistance.

The MACD histogram is flat at zero, indicating a momentum coin toss that will be decided by the next few daily closes. Meanwhile, the Stochastic is forming a bullish divergence in the lower range, suggesting short-term buyers are trying to regain control.

Top traders have been quietly accumulating NEAR, with a 55.8% long bias versus 44.2% short. However, retail flow has been dominating taker flow with a buy/sell ratio of just 0.86, indicating that aggressive sellers are currently in control.