NEAR: Downtrend Holds After Range Break at $4

Michaël van de Poppe flags a potential narrative shift in crypto, noting $NEAR has failed to defend the range low above $4 and is now correcting more sharply than other assets showing modest momentum gains.

Price currently sits at $3.88 inside the Bollinger Bands on the 4h chart, with the upper band at $4.59 acting as immediate resistance and the lower band at $3.63 marking short-term support. The structure remains bearish as price trades below both the EMA50 at $4.27 and EMA200 at $4.53, while MACD prints a death cross at -0.15 and RSI at 35.37 stays neutral. Confluence points to further downside pressure toward the lower band before any relief, aligning with van de Poppe’s view that a sweep below $3.40 would create the accumulation zone he prefers over chasing strength.