【$NEAR Signal】No Position | Weak Consolidation in Downtrend

$NEAR Is undergoing weak consolidation in a long-term downtrend, with the price suppressed below the EMA20 (0.9816). Each rebound faces selling pressure.

🎯 Direction: No Position (NoPosition)

Market Analysis: The price has closed below the EMA20 on the 4H chart consecutively, confirming a medium-term bearish trend. The latest 4H candlestick shows only 47% buying volume, indicating weak active buying interest. The depth imbalance is as high as 7.44%, but sell orders (Asks) are clearly stacked in the 0.961-0.970 range, forming a short-term resistance wall.

Logical Core: Open interest (OI) remains stable, but the price is declining. Coupled with a negative funding rate (0.0100%) and low buying volume, this suggests that the current market is not a short squeeze but a natural pullback after bulls fail to sustain. RSI (39.66) is not oversold, but in a downtrend, a weak rebound to around 50 could present a new shorting opportunity.

Current Strategy: The trend is downward, but no high-probability rebound short or reversal long signals have appeared. Key support is at 0.933 (recent low). A break below could accelerate the decline. Key resistance is at EMA20 (0.9816) and the dense sell order zone above. Until the price effectively holds above EMA20 and OI rises, remain cautious and observe.

Trade here 👇 $NEAR

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