🚨$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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