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- NEAR struggles to reclaim support after a 36.94% monthly decline.
- Mixed market signals show bearish pressure despite slight buying activity.
- Falling active addresses increase the risk of further price drops.
Near Protocol— NEAR, has been struggling to gain momentum, falling 3.80% in the last 24 hours. The price now sits at $3.38, marking a 37% drop over the past month. Investors remain uncertain as mixed signals cloud the market. Some indicators suggest a recovery, while others point to further losses. Can buyers regain control, or will selling pressure push prices lower? A closer look at price trends and sentiment offers some answers.
NEAR Fights to Reclaim Key Levels
For weeks, NEAR has struggled between $3.50 and $8.30, forming a consolidation range. A recent dip below $3.50 sent the price lower, raising concerns. However, buyers have attempted to push NEAR back above this level. If momentum builds, a breakout could follow. But if sellers regain control, a lower high may form before another drop. Resistance levels will play a key role in deciding the next move.
Conflicting Signals Create Uncertainty
Technical indicators reveal a battle between buyers and sellers. A negative Funding Rate of -0.0170 shows that short traders remain dominant. This reading suggests a strong belief in further downside. Liquidation data supports this bearish outlook. In the past 24 hours, long positions worth $137,140 were wiped out.
Short liquidations totaled only $24,170, highlighting an imbalance in market pressure. However, the Taker Buy-Sell Ratio tells a different story. A reading of 1.004 suggests buyers have slightly outpaced sellers. While this shift signals some bullish strength, stronger momentum is needed for a clear breakout.
A sharp decline in active users has placed more strain on NEAR’s price. Daily active addresses have dropped from 4.2 million to 3.0 million within days. Fewer users often mean lower demand, making a recovery more difficult. Without increased participation, price stability remains uncertain.
