Over the past month, NEAR has struggled, posting a 25% decline on the charts. Over the last 24 hours too, the altcoin lost an additional...
has struggled, posting a 25% decline on the charts. Over the last 24 hours too, the altcoin lost an additional 2.80% of its value. Despite this bearish momentum, however, emerging bullish patterns suggested that there may be a potential pause in the downtrend.
For NEAR to advance, it needs to test the support level at $3.520. After this test, the asset can either bounce back into the pattern or break out. If a breakout occurs, two key targets might emerge – A short-term level at $5.606 and a long-term target of $8.520. Liquidation data, which tracks forced closures of leveraged positions when margin requirements aren’t met, reveals market sentiment by showing where losses are concentrated— Currently among long positions.
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