News
Near Protocol Falls 3.11% in an Hour to $3.83, Down 9.26% in 24 Hours
Nov 5, 3:17 PM·
High Pessimistic
Summary

NEAR (NEARUSD) rebounded 3.07% in one hour to $3.76 on Binance, trimming its 24-hour decline to 6.18%, with only $30,000 in short liquidations and no long liquidations across Binance, Bybit and OKX during that hour. The bounce followed a 7.62% four-hour drop to $3.70, its lowest close since September 20, which extended losses to 10.26% over 24 hours and saw $2.02 million in long liquidations in a single hour. Selling pressure has since resumed, with NEAR falling 8.37% to $3.69, below its short-term moving averages though still above its 200-day moving average, as futures open interest rose 10.59% over 24 hours. Most recently, NEAR d…

NEAR Protocol Slides 7% to $3.74 as Crypto Liquidations Surge

NEAR Protocol’s price fell 7% to $3.74 as crypto liquidations surged, according to a crypto.news report. The move put the $3.60 support level under pressure, the report said.

Analysts Flag Buy Signal

The report noted that analysts have identified a buy signal even as the token trades lower. It did not specify the nature of the signal or which analysts cited it.

Key Levels in Focus

  • NEAR traded at $3.74 in the reported decline.
  • The $3.60 support level was described as facing pressure.

The article, published by crypto.news, framed the drop around rising liquidations across the crypto market and the test of the $3.60 support zone.