Looking at NEAR's recent decline, many people are panicking. The market cap has dropped sharply, and the entire coin is oscillating at low levels, moving sideways without much change, which is indeed frustrating. But what I want to say is that behind this seemingly hopeless trend, subtle signs of a bottom are already beginning to emerge.
First, from a technical perspective. NEAR's downward trend continues, with moving averages still showing a typical bearish alignment, and short-term rebound signals are not obvious. This is why so many people can't sit still. But there's a detail worth paying attention to—the trading volume over the past three days. I’ve noticed that during the decline, the trading volume has been steadily decreasing. What does this indicate? Panic selling is nearing its end. Fewer and fewer people are willing to cut their positions at this level, a typical sign of selling pressure exhaustion.
Next, look at the distribution of chips. Small concentrations of holdings are beginning to appear in the low-price range, which means some savvy funds are quietly positioning themselves here. Someone might ask, "Who would dare to buy after such a drop?" This is the core of contrarian trading—buying when others are panicking, but only if supported by clear signals, not by blind luck.
I haven't taken action yet; I'm just waiting for a confirmation signal. Either a volume-spike candlestick indicating a halt in the decline, or a successful breakout of the consolidation zone. Only then will the probability of a successful entry significantly increase. No rush, no impatience—it's all about whether the market gives this signal.
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PanicSeller
· 19h ago
I've also noticed the decline in volume, but if we're really waiting for a signal, we probably have to wait. Entering now is just a gamble.
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SelfCustodyBro
· 19h ago
The detail about declining volume is well explained, but I've heard this set of signals too many times. Honestly, who can accurately grasp that point? It's all after-the-fact armchair strategy.
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Is the low-level concentration of chips? I feel like this is just another calm before the storm of another round of chopping the leeks...
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Others panic, I set up my positions—it sounds great, but when it comes to actual operation, I still follow the trend and buy in. I just can't understand this market anymore.
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Three days of declining volume and you dare to say the selling pressure is exhausted? Bro, your prediction is a bit too optimistic, isn't it?
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Waiting for volume-increasing K-lines and consolidation breakout, so basically doing nothing. I've had enough of this waiting-and-seeing feeling; might as well go all-in and take a gamble.
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Some people still see potential in NEAR. I thought it was already done for. But your contrarian trading idea is indeed correct, just lacking a bit of ruthlessness.
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BankruptWorker
· 19h ago
The decline in volume definitely needs to be watched, but I still think rushing to buy the dip is a gambler's mentality. Just wait for a confirmation signal, anyway you can't run away.
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LazyDevMiner
· 19h ago
The decline in trading volume is indeed interesting, but I still have to wait for that candlestick to appear before I dare to act, otherwise it's just gambling.
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DegenDreamer
· 19h ago
I've also noticed the decline in volume, but we still need to wait for a definitive signal before taking action; otherwise, it's just gambling.
Looking at NEAR's recent decline, many people are panicking. The market cap has dropped sharply, and the entire coin is oscillating at low levels, moving sideways without much change, which is indeed frustrating. But what I want to say is that behind this seemingly hopeless trend, subtle signs of a bottom are already beginning to emerge.
First, from a technical perspective. NEAR's downward trend continues, with moving averages still showing a typical bearish alignment, and short-term rebound signals are not obvious. This is why so many people can't sit still. But there's a detail worth paying attention to—the trading volume over the past three days. I’ve noticed that during the decline, the trading volume has been steadily decreasing. What does this indicate? Panic selling is nearing its end. Fewer and fewer people are willing to cut their positions at this level, a typical sign of selling pressure exhaustion.
Next, look at the distribution of chips. Small concentrations of holdings are beginning to appear in the low-price range, which means some savvy funds are quietly positioning themselves here. Someone might ask, "Who would dare to buy after such a drop?" This is the core of contrarian trading—buying when others are panicking, but only if supported by clear signals, not by blind luck.
I haven't taken action yet; I'm just waiting for a confirmation signal. Either a volume-spike candlestick indicating a halt in the decline, or a successful breakout of the consolidation zone. Only then will the probability of a successful entry significantly increase. No rush, no impatience—it's all about whether the market gives this signal.