【$NEAR Signal】Hold Cash and Watch — Weak Rebound in Downtrend Lacking Reversal Momentum

$NEAR In a long-term downtrend, a weak rebound is underway, with the price suppressed below the key EMA20 (0.9924). This is a typical technical retracement within a declining trend.

🎯 Direction: Hold Cash (NoPosition)

Market Analysis: The price has fallen from a high of 1.8 down to 0.974, with the daily chart showing a fully bearish arrangement. Currently, the 4H rebound volume is shrinking, with the latest K-line buy volume ratio at only 0.01, indicating very weak bullish follow-through.

Logical Core: Open interest (OI) remains stable rather than decreasing, and the funding rate is still positive (0.01%), ruling out a short squeeze and not indicating a major dump by the large players, but rather a continuous decline draining momentum.

Depth data shows bids slightly thicker than asks, but the price cannot advance, indicating support below is only passively absorbed rather than actively bought. RSI (40.64) is in a weak zone but not oversold, so rebound potential is limited.

Overall Judgment: The current pattern does not meet high-probability long conditions (not above EMA20, OI not increasing). Shorting conditions are also not satisfied (no high funding rate + decreasing OI + top divergence resonance). The best strategy is to hold cash and wait, observing whether the price can volume-break above EMA20 with increasing OI, or if a failed rebound triggers a shorting resonance signal.

Trade here 👇 $NEAR

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