Near (NEAR) Plummets 15% Weekly, Yet This Signal Hints at a Reversal

NEAR traded near $3.70 as of press time, down 15% over the week to a six-week low, with its market capitalization below $5 billion and its position outside the top 20 cryptocurrencies. Analyst Ali Martinez said the TD Sequential indicator had produced a buy signal on NEAR’s daily chart; he pointed to $4.30 as a first target and about $4.80 at a setup resistance trendline. He noted the indicator previously identified a mid-October trend shift, after which NEAR fell 39.5% from roughly $6 to $3.63. Michael van de Poppe called the area below $3.50 an interesting accumulation zone, while Giannis Andreou said buyers needed to establish a higher low before a recovery could develop.