NEAR: Trader Trims Position on Bitcoin Risks

Michaël van de Poppe trimmed his $NEAR trade while price holds $1.98, warning that another Bitcoin drop could push the token toward re-entry below €1.60.

With Bitcoin price action still dictating altcoin flows, the move reflects cautious altcoin portfolio management amid 2025-2026 volatility. NEAR price prediction models now hinge on whether support near current levels survives renewed BTC weakness.

Price sits inside Bollinger Bands with lower support at $1.96 while EMA50 at $2.16 caps upside and EMA200 at $2.02 acts as immediate resistance. MACD death cross at -0.02 keeps momentum bearish even as RSI at 42.15 stays neutral, suggesting any bounce toward upper band resistance at $2.25 likely stalls before a deeper test of the €1.60 zone.