Why $2.38 and $1.72 are NEAR’s key price levels
The post Why $2.38 and $1.72 are NEAR’s key price levels appeared on BitcoinEthereumNews.com. NEAR Protocol [NEAR] was down 9.07% in the past 24 hours, with a 7.06% increase in daily trading volume. Coinalyze data showed the Open Interest was down 14.92% in a day. Source: Coinalyze Moreover, the spot CVD has been in steady decline in recent days, and the funding rate had flipped negatively. These factors pointed to short-term stress in the NEAR market and expectations of a continued price drop. NEAR long-term trend favors more downside Source: NEAR/USDT on TradingView On the 1-week chart, two bearish structural confirmations were highlighted. They occurred in 2025, when the price broke below a long-term swing low, keeping the downtrend going. At the time of writing, the swing high at $3.34 is the one bulls want to break, to flip the long-term swing structure bullishly. The buyers tried to engineer this scenario in May, but were unable to climb past the $3 resistance. The $2.80 level ma