NEAR Retreats 19% From 2026 Peak, Approaches Channel Support
Photo: Coindoo
NEAR traded near $4.83 on October 14 at 16:01 UTC, down about 4% on its open daily candle. It had climbed to $5.18 earlier in the session before falling to a low near $4.8, leaving the attempted recovery short-lived. The decline came during a broader crypto pullback after US inflation rose to a higher-than-expected 3.7% . A stronger inflation reading can reduce expectations for Federal Reserve rate cuts, potentially keeping borrowing costs elevated for longer. Higher yields can also make interest-paying assets more attractive relative to riskier investments, adding pressure to crypto. NEAR was not alone in testing technical support.
Source: Coindoo
