$NEAR 🚀🔥 NEAR Protocol (NEAR) Big Dump: Heavy Selling Waves Hammer Price 📉⚠️

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🦑🦑NEAR Protocol (NEAR) is experiencing a big dump, as persistent selling overwhelms bids and forces the market into deeper retracement 🌪️🎯. After losing critical support near $5.10, NEAR has cascaded lower in strong impulsive moves, confirming bears are firmly in control 🧊🥀. On-chain data shows a surge in exchange deposits, with large wallets offloading positions into weakness 🐍🎒.

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📉📉Momentum indicators have collapsed into oversold territory. RSI is hovering at 31, reflecting relentless downward pressure with little evidence of meaningful buying interest 🍉🧭. The MACD histogram has widened further in the red, and daily moving averages are fully aligned to the downside 🍋🎢. Volume remains elevated on each red candle, highlighting the intensity of liquidation and panic selling 🎯🦕. In derivatives markets, funding rates have flipped negative, while open interest continues to rise as traders build short positions 🌳🔥. If NEAR fails to reclaim $5.00 soon, price could accelerate rapidly toward the $4.50–$4.60 support band 🚧🐚.

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🍀🍀Fundamentally, NEAR remains one of the most developer-focused layer-1 networks, with strong ecosystem expansion and new partnerships 📡🌈. However, in the near term, these positive fundamentals are being eclipsed by technical weakness and broader risk aversion 🦥🌫️.

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🧭🧭Traders should watch $5.00 closely. A decisive reclaim above this level with sustained volume could spark a short-term relief bounce. Otherwise, continued failure to hold may invite further selling and test lower supports. Manage risk carefully as volatility remains extreme 📊⚡.