After a solid 17% rally last week, NEAR Protocol ($NEAR ) seems to be losing steam. With just a 0.18% rise in the past 24 hours, market sentiment is showing signs of shifting bearish. 🚨

Key insights from the 4-hour chart:

🟥 Supply Zone Pressure: NEAR is trading between the $6.154 - $6.311 supply zone, where concentrated sell orders often lead to price declines.

📉 Fibonacci Analysis: If sell pressure builds, NEAR could slide further, potentially testing $4.870, with key support levels at $5.712, $5.551, and $5.390 offering potential bounce zones.

🛠 Indicators Signal Bearish Momentum

1️⃣ ADX Trend Strength: The Average Directional Index (ADX) spiked to 42.19, confirming a strong bearish trend. Higher ADX = stronger downtrend.

2️⃣ Death Cross Formation: The MACD signal line (orange) crossed above the MACD line (blue), confirming a bearish reversal. This is accompanied by red histogram bars, reinforcing further downside potential.

🔍 What’s Next for NEAR?

If the ADX remains elevated and MACD trends bearish, the likelihood of further declines increases. However, watch the support levels closely — they could offer rebound opportunities for strategic entries.

What’s your take? Will NEAR find its footing soon, or is a deeper correction on the horizon? Share your thoughts below! 👇