NEAR USDT Bearish Breakout Expected as Support Holds Short-Term

The NEAR cryptocurrency, trading against USDT, is currently in a phase where its price has been consolidating for several days, forming a descending triangle pattern characterized by diminishing highs and lows. Key support levels are being tested multiple times, with market participants entering positions near these levels and setting stop-loss orders just beyond them. There is noticeable price movement along these support levels with increasing selling activity, and the order book activity suggests a potential breakout zone. The target exit points for short positions are set at 2.089, 2.065, 2.044, and 2.029, indicating an expectation of further decline if the bearish trend continues.