NEAR Protocol Faces Strong Bearish Reversal: Key Indicators Signal Continued Downtrend
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The NEAR Protocol has recently transitioned to a bearish trend, deviating from its previously bullish trajectory.
There has been a significant decrease in the RSI, pushing it towards the oversold territory, accompanied by a notable formation of a lower low, indicating increased selling pressure.
An examination of the 50-day moving average reveals that NEAR Protocol has broken below this dynamic support, raising fears of a further downward trend among investors.
After a strong bullish performance, NEAR Protocol has encountered a significant bearish shift. The breach below the 50-day moving average led to a noticeable downturn, raising concerns among market analysts and investors alike.
