CandleFocus NEAR Struggles Amid Bullish Momentum, Time to Buy or Sell?
2024-10-26
Author: Content Editor
The cryptocurrency NEAR Protocol is currently experiencing a bearish outlook, with prices decreasing across all timeframes. Over the past month, NEAR has dropped by 6% and weekly figures show a 7.85% decline. In just the last 24 hours, prices fell by 1.82%. Market sentiment leans towards sellers, making a quick recovery unlikely. Recent data suggests that short sellers dominate, pushing prices lower. However, there are some signs of a possible rebound, such as the Parabolic SAR indicating potential buying activity. NEAR is currently trading at $4.61 within a descending channel. Traders must carefully monitor key levels and signals to gauge the short-term outlook for NEAR.
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