NEAR may be heading to its 2024 low, despite bullish signs – Why?

Quick Summary:

NEAR is at pivotal price point right now, and the next few days could be key.

Liquidation data, which tracks forced closures of leveraged positions when margin requirements aren’t met, reveals market sentiment by showing where losses are concentrated— Currently among long (buy) positions.

However, if bearish pressure dominates, NEAR may decline towards its January 2024 low of $2.450, with the risk of further losses.

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Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United States

Topics: News 1 Social News Trading View Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 08:30:46 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23427350

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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