NEAR Protocol's price drops to $1.89, marking a 15% weekly decline, facing significant bearish pressure.
Trading volume surges over 90%, despite continued bearish sentiment.
Analysts forecast possible short-term bounces but remain cautious about the long-term outlook.
NEAR's 24-hour trading volume spikes by 90.16% to $235.57 million, indicating sell-side accumulation.
Technical signals suggest continued downward movement, with key support at $1.98 and $1.80, resistance at $2.15 and $2.30.
Short-term traders are cautious due to the prolonged downtrend, potential for quick price jumps but overall focus on falling prices.
Long-term price predictions for NEAR Protocol in 2025 vary, with DigitalCoinPrice suggesting trading between $3.10 and $4.17 and Changelly estimating a maximum price of $2.33.