NEAR slips below $5 despite $5.42m ETF inflow

NEAR Protocol declined more than 7% on Tuesday to about $4.70, extending Monday’s drop, even as Bitwise’s NEAR-focused exchange-traded fund NRR drew $5.42 million in net inflows on Monday after three consecutive weeks of inflows exceeding $80 million. The token stayed below a resistance area around $5.02, where its 50-period exponential moving average at $5.0179 and a descending trendline near $5.0261 sit; clearing that zone would be needed to improve the recovery outlook. NEAR remained above its 200-period EMA near $4.5513, with $4.4440 cited as the next support level.