$NEAR Protocol (NEAR) Market Update

Liquidation Alert:

$187K in long positions were liquidated at $4.658, signaling increased selling pressure and possible short-term weakness.

Market Overview:

$NEAR has faced a correction following the liquidation event. The price is now hovering near key support, and its next move will depend on whether buyers can regain control or if further declines occur.

Key Levels to Watch:

Resistance: $4.75 – $4.85 (A breakout above this range could restore bullish momentum)
Support: $4.60 – $4.50 (If this level breaks, further downside may follow)

Trade Strategy:

Buy Zone: $4.60 – $4.65 (If price stabilizes and shows signs of a bullish reversal)
Sell Zone: $4.75 – $4.85 (If price struggles to break above resistance)
Target: $5.00+ (If NEAR gains strength and clears resistance)

Market Sentiment:

$NEAR is currently under pressure after significant long liquidations. Holding support at $4.60 is crucial for a potential rebound. A break below this level could lead to more selling.

Stay cautious and monitor price action closely.

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