🚨 NEAR Protocol Plunges 5% as Resistance Holds — Bitwise ETP Launches

Despite the launch of a NEAR Staking ETP by Bitwise, $NEAR is under heavy selling pressure, dropping 5% and breaking below the key $2.22 support level.

📉 Market Snapshot:

• Price rejected at major resistance

• Support at $2.22 failed — momentum now bearish

• Broader market uncertainty adding to the downside

📊 Bitwise’s ETP offers institutional exposure — but traders aren’t buying the news just yet.

Meanwhile, AI-related tokens continue to show relative strength.

⚠️ Caution advised — NEAR may face more downside unless sentiment shifts quickly.