The altcoin NEAR has been experiencing a decline, with a drop of 25% in the past month and an additional 2.8% loss in the last 24 hours. While there are some bullish patterns suggesting a possible rebound, heavy selling pressure remains. There is an oversold RSI on the daily chart of NEAR, indicating a bearish trend. The price has formed a bullish triangle pattern, but it needs to hold the support level at $3.520 to see a recovery. The altcoin faces rising sell pressure, as indicated by recent liquidation data and a decline in open interest. Key technical indicators also point towards a bearish trend. The path ahead for NEAR appears challenging, and it may approach its lowest price in 2024 unless there is a shift in market sentiment.



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