Near (NEAR) Plummets 15% Weekly, Yet This Signal Hints at a Reversal

NEAR is no longer part of the top 20 biggest cryptocurrencies after its market cap dropped to roughly $4.8 billion. A wide range of altcoins have recorded steep weekly declines, and NEAR is no exception. It is among the worst performers, with its price tumbling to a six-week low, yet popular analyst Ali Martinez spotted a positive signal that could precede a rebound. Here’s how high the asset can go in the short term. The End of the Correction? As of press time, NEAR trades around $3.70, down 15% on the weekly chart and performing much worse than BTC, ETH, and others over the same period. Its market capitalization fell under $5 billion, and the token is no longer among the top 20 biggest cryptocurrencies. As the broader market remains under pressure, Martinez noted that the TD Sequential has flashed a buy signal on NEAR’s daily chart. The analyst said the indicator correctly identified a major trend shift in mid-October. Back then, it flashed a Sequential Aggressive 13, followed by a 39.5% pullback from roughly $6 to $3.63. “Now, the same indicator is signaling a potential reversal in the opposite direction. I’m watching $4.30 as the first target and a move to the setup resistance ...