experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline.
A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level.
Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average.
Price action formed a descending channel with resistance at $2.29 and support at $2.19.
Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk.
Modest recovery from $2.189 indicates potential stabilization if buyers defend current support.
In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199.
A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes.
Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44.
Sell-off volume exceeded 100,000 units, confirming the bearish reversal.
New support established at $2.198, aligning with the lower boundary of the descending channel.
