NEAR: Analyst Warns of 30-40% Correction Risk

NEAR draws fresh scrutiny after Michaël van de Poppe highlighted the gap between its fundamental appeal and weakening technical structure, projecting a 30-40% correction similar to overvalued phases in Bitcoin or gold. The trader eyes $4.30-4.35 for bounces, $3.90 for initial portfolio adds, and $3.40 for deeper scaling, citing quiet bearish divergence on the charts. NEAR price prediction models now incorporate this setup, where price sits at $4.71 inside Bollinger Bands with upper resistance at $5.47 and lower support at $4.4; the bearish EMA50 at $4.81 acts as immediate resistance while EMA200 at $3.68 offers distant floor, and MACD death cross at -0.09 alongside neutral RSI 42.56 signals momentum exhaustion likely to drive a healthy retracement before any continuation.