NEAR: Trader Sells 20% Stake at $2.80
NEAR trader sells 20% at $2.80 after 170% gains from $1.10-1.25 buys, rotates into SEI and W as 4h RSI hits 78.41.
SourceAnalysis
NEAR trader @CryptoMichNL sold another 20% of his position at $2.80 after buying between $1.10-1.25, locking in a 170% run while keeping the token as his largest holding.
The move follows earlier profit-taking at $2.20 and reflects standard crypto portfolio rotation during altcoin rallies as liquidity shifts toward fresher names like SEI and W.
With price testing upper Bollinger resistance at $2.8 while RSI flashes overbought at 78.41, a healthy retracement to the 50-EMA support at $2.1 seems probable before further continuation, exactly the type of overextension that fuels NEAR price prediction debates during the current cycle.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast