NEAR fell about 10% in 24 hours amid broad cryptocurrency selling following Bitcoin’s drop below $80,000. The token is approaching a key demand zone between $4.3 and $4.6, which previously triggered several rebounds. Open interest has sharply declined to $807.46 million, while the funding rate has dropped to 0.003%, indicating reduced activity and weakening sentiment. If buyers defend the zone and the broader market stabilizes, NEAR could attempt a recovery. Conversely, a decisive breakdown below support would strengthen the bearish case.
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