The perfect validation of theory, and now the peak has nearly increased by 30 points.

$NEAR
This weekly chart actually seems to have hope for a bottom, but there hasn't been a clear signal yet;

The core distribution of chips in the entire trading history is around 2.224, and the current price has just retested this range. It has just dropped below the POC, but the previous weekly candle had a long lower shadow.

Therefore, as the first contact after forming a new POC post-2024, the probability of a direct drop below this level is not high;

Recently, I've been looking at quite a few altcoins and new coins, and I've found that most projects are in this state, where liquidity is continuously being drained, and the coin price is showing a persistent decline of the bear market, with prices recently approaching the historical holding chip peak POC;

If the NEAR weekly candle can continue to close within this green range, it means that the support of this POC is still effective. If the situation is optimistic, this POC will continue to accumulate, concentrating the market's chips at a lower position for turnover, which would be a relatively optimistic sign for the future market;

However, if it drops directly below, we won't be able to see for a while. We need to wait for the chip peak at a lower position to gradually accumulate until it surpasses the previous peak and forms a new POC, only then will there be hope for a complete bottoming;
Source: painter, analyzed to my core, and it reflects some of my expectations for NEAR's subsequent trend.