Near Protocol is hovering close to the critical demand area.
The ADX indicator is turning down due to the high sell-on trend.
The market capitalization declined by 7.12% overnight, registering $1.27 billion.
The Near Protocol (NEAR) price remained close to the demand zone. Undoubtedly, altcoins have been correcting lower since their all-time highs, following bears selling on bullish techniques. As a result, NEAR coin hit a yearly low of $1.43 on 21 November.
Near Protocol price action is showing strong selling pressure near the 52-week low. Looking at the current market scenario, sellers may soon hit another low in case the bulls fail to hold the support. If the bears turn aggressive in the upcoming trading session, the $1.0 level could provide further upside.
Source: NEAR/USDT by Tradingview
Against the USDT pair, Near Protocol trades at $1.52 mark at the time of writing. Selling occurs for the past three days but trading volume decreases against the trend. In the intraday tradin
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