NEAR Protocol: Short-term dump with elevated sell volume
I'm seeing a quick intraday dump in NEAR: the price slid from $2.848 to $2.776 (-2.53%) in under a minute.
The 3-minute volume of 4.99M represents 8.7% of the 24h volume, indicating concentrated selling pressure rather than normal churn.
I'm avoiding new long entries until I see stabilization or a clear absorption of this selling spike.
Analysis
Recommendation
I recommend reducing exposure or selling into this weakness and tightening stops; avoid initiating new longs until volume normalizes and price shows clear support.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.