The NEAR token has ended its near-vertical bullish trend that dominated its price action since mid-September. The token made a dramatic move, rising from around $1.80 at the beginning of September to above $5 at its local peak, roughly tripling in value. Technical indicators show a cooling momentum: the daily RSI has retreated from overbought territory above 70 down to the low-60 range. Trading activity has also decreased significantly compared to the explosive volumes seen during the breakout from $2.50 to $4.50. The crucial support level now sits around $4.60-$4.70, and defending this zone will determine whether NEAR can establish a higher base before attempting another move higher.
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