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

$NEAR In a prolonged downtrend, a weak rebound is underway, with the price suppressed below the key EMA20 (0.9924). This is a typical technical retracement within a downward 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 main players, but rather a continuous decline draining liquidity.

Depth data shows bids slightly thicker than asks, but the price cannot advance, indicating that support below is passive absorption rather than active buying. RSI (40.64) is in the weak zone but not oversold, so rebound potential is limited.

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

Trade here 👇 $NEAR

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包