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Near Protocol price drops 15%, risks further 20% decline after sharp August rally

Technical Signals
29 Sep 2026
UToday
View Source
Bearish
Near Protocol price drops 15%, risks further 20% decline after sharp August rally

Near Protocol (NEAR) has fallen about 15% from its recent high of $5.58 to $4.78 following a rapid 200%+ surge in August. Technical indicators show a bearish reversal pattern and increased selling volume, suggesting the correction may continue. The price has dropped below the key $5.00 level, with potential to fall further to the $3.70-$3.80 range, representing a 20% decline from current levels. Bulls need to push NEAR back above $5.00 with strong volume to reverse the downtrend and target previous highs.

As of Sep 29, 2026 17:03 WIB, Near Protocol (NEAR) trades at Rp86.195 on Pluang, down 4.35% in the last day. The platform shows a market cap of Rp112.28 trillion and a 24-hour trading volume of Rp29.25 trillion. Sell orders slightly dominate with 56% of activity, while the typical holding period is 51 days, highlighting cautious investor sentiment amid the recent price correction.

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