Can NEAR’s 50% rise in a month turn things around?

NEAR, the native token of Near Protocol, has risen 2.3% in the past 24 hours to trade at $5.21 before continuing to rise. After falling to a low of $3.41 on September 6, NEAR rose 57% on September 24 to hit an 8-week high of $5.36.

Near Protocol’s TVL increased 34% from $183.7 million on September 7 to $246.5 million on September 24. Total value locked on Near Protocol. The increase in TVL indicates increasing activity and interest within the Near Protocol ecosystem. This means that more users are depositing or using assets within NEAR-based protocols.

NEAR recently fell below the 20, 50, and 200-day EMAs, indicating strong selling pressure. Derivatives data shows mixed sentiment, with sellers having a slight advantage. The market has been volatile recently. Technical indicators and market sentiment in the short term support a bearish outlook. Despite the positive non-farm data, it is still falling. Looking back at the last rate cut cycle, Bitcoin completed its gains ahead of the rate cut, and began to plummet and fall overall one month before the rate cut. It was not until the unlimited QE in March 2020 that liquidity was completely released, and the bull market of 2020-2021 was ushered in. I think the subsequent liquidity improvement is still unknown. The current priority is to stay alive and wait for this moment to come. I believe that dawn is not far away. #NEARUSDT #NEAR.智能策略库🥇🥇 #NEAR策略 #near $NEAR