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NEAR Protocol price drops 7% amid long liquidations, breaking key $4.30 support level

Market News
02 Nov 2026, 21:21 WIB
CryptoTicker
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Bearish
NEAR Protocol price drops 7% amid long liquidations, breaking key $4.30 support level

NEAR Protocol's price fell sharply by 7% to around $4.02 on November 2, 2026, breaking the key support level of $4.30. This decline was driven mainly by forced liquidations of long positions worth about $2.46 million in the futures market, accelerating the price drop without any specific fundamental trigger. The price has lost about 32% since its peak on October 12 but remains up over 100% in the last 60 days. Investors should watch the next support levels at $4.00 and $3.59 and consider regulatory and tax implications when trading or holding NEAR in Germany.

NEAR Protocol's price on Pluang is Rp70.930 as of Nov 03, 2026 02:31 WIB, down 8.48% in one day, showing a sharper decline than the article's noted 7% drop in USD terms. Despite this, the market cap stands strong at Rp92,96 trillion with a balanced order activity of 49% Sell and 51% Buy. The typical hold time of 51 days suggests investors are maintaining positions amid recent volatility, contrasting with the sharp liquidations mentioned in the news.

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