🚨$NEAR NEAR/USDT – Significant Sell-off Alert!

📊 Current Price: $4.737 (-16.94%)

🔝 24H High: $5.874

🔻 24H Low: $4.723

💰 Volume:

NEAR: 42.69M

USDT: 223.37M

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Market Overview

NEAR/USDT has experienced a sharp decline, shedding nearly 17% in the last 24 hours and testing its 24H low at $4.723. Sellers are firmly in control as the price remains under intense pressure.

Resistance Levels:

$5.000 – First hurdle for recovery.

$5.300 – Key resistance for trend reversal.

Support Levels:

$4.700 – Immediate support; a breakdown could intensify the sell-off.

$4.500 – Critical support to watch for buyer re-entry.

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Trading Strategy

1. For Buyers:

Consider accumulating near $4.700, with a target of $5.000.

Wait for signs of bullish reversal to confirm entry.

2. For Sellers:

Use failed rallies towards $5.000 as shorting opportunities.

Tight stop-loss above $5.300 to manage risk.

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Key Insights

Bearish Sentiment: The ongoing decline highlights significant selling pressure and cautious market sentiment.

Potential Rebound: A bounce from oversold levels near $4.700 could offer short-term recovery opportunities.

High Volatility: Expect price fluctuations; trade with caution and proper risk management.

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Conclusion

NEAR/USDT is trading near critical levels, with $4.700 acting as the last line of defense before further downside. Monitor the price action closely for potential trading opportunities.

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