NEAR Faces Two Critical Paths: A $4.3–$4.6 Rebound or Deeper Price Crash
Photo: CryptoNewsLand
NEAR dropped nearly 10% as Bitcoin's decline below $80,000 intensified market-wide selling pressure. Open Interest fell to $807.46 million, while Funding Rate declined to 0.003%. NEAR must defend $4.3–$4.6 to avoid a deeper breakdown and preserve recovery hopes. NEAR Protocol faces a critical test after losing nearly 10% within 24 hours. Sellers are threatening a demand zone that previously supported several price recoveries. Meanwhile, Bitcoin's decline below $80,000 has intensified market-wide selling pressure. Traders now face a difficult question: Can buyers defend $4.3–$4.6? Or will another breakdown expose NEAR to deeper losses? Declining derivatives activity adds another concern for bulls.
Source: CryptoNewsLand
