Near (NEAR) plummets 15% weekly, yet this signal hints at a reversal. NEAR is no longer part of the top 20 biggest cryptocurrencies after its market cap dropped to roughly $4.8 billion. Published on: Nov 6, 2026 @ 18:11 UTC A wide range of altcoins have recorded steep weekly declines, and NEAR is no exception. It is among the worst performers, with its price tumbling to a six-week low, yet popular analyst Ali Martinez spotted a positive signal that could precede a rebound. Here's how high the asset can go in the short term. The end of the correction? As of press time, NEAR trades around $3.70, down 15% on the weekly chart and performing much worse than BTC, ETH, and others over the same period. Its market capitalization fell under $5 billion, and the token is no longer among the top 20 biggest cryptocurrencies. As the broader market remains under pressure, Martinez noted that the TD Sequential has flashed a buy signal on NEAR's daily chart. The analyst said the indicator correctly identified a major trend shift in mid-October. Back then, it flashed a Sequential Aggressive 13, followed by a 39.5% pullback from roughly $6 to $3.63. "Now, the same indicator is signaling a potential reversal in the opposite direction. I'm watching $4.30 as the first target and a move to the setup resistance trendline around $4.80," Martinez stated. Michael van de Poppe said he's been covering NEAR for a long time, claiming the hysteria around it peaked when its price spiked above $5. Now, though, the price level is much lower, and it could present "interesting areas for accumulation." He said the zone below $3.50 is where he'd "want to be bidding," suggesting that the correction might be coming to an end. For his part, Giannis Andreou claimed that buyers must first defend the $3.60-$3.60 range and establish a higher low before the recovery can develop. He believes a daily acceptance above $4.10-$4.30 would bring $4.80-$5 into focus and might lead to a further jump to $6. "The larger objective is another touch of the upper rising trendline. The illustrated route meets it near $7.00, but the exact contact price depends on when price reaches the moving boundary," his analysis reads. The best opportunity? Posty, an X user with more than 100,000 followers, also recently touched on the asset. He noted its solid performance over the past two months, claiming nobody realizes this could be "the best opportunity we get this cycle." The analyst maintained that the retest of the key weekly level of $3 and the 200-week moving average (WMA) "looks too perfect." You may also like: "Don't forget this is a coin that makes revenue and ticks boxes for hot narratives going into 2027. What we saw in Sept/Oct was the test pump, imo," he added. SPECIAL OFFER (Exclusive) BLACK FRIDAY OFFER for CryptoPotato readers at Proton Mail: Use this link to get 60% off end-to-end encrypted email with no ads or tracking, and keep your crypto accounts away from prying eyes!

NEAR eyes $5 after Jio perpetuals launch. Key takeaways * NEAR edges higher on Wednesday after rebounding approximately 6% the previous day. * NEAR Intents launched confidential perpetual contracts linked to Jio Platforms ahead of its scheduled listing. * Bitwise's NEAR-focused ETF recorded $4.84 million in outflows Tuesday, following $1.40 million in inflows Monday. NEAR extends recovery following Jio perpetuals launch. NEAR Protocol moved higher on Wednesday, extending the previous day's roughly 6% rebound as traders assessed a new derivatives offering and weaker ETF demand. NEAR Intents launched confidential perpetual contracts linked to Jio Platforms on Tuesday, ahead of the Reliance Group company's scheduled Wednesday listing. The contracts offer exposure to Jio's price movements before listing while keeping traders' positions confidential. They are derivatives, not ownership of the underlying shares. The launch adds another trading use case to the NEAR ecosystem, although its effect on demand for the NEAR token remains uncertain. Bitwise's NEAR-focused exchange-traded fund recorded $4.84 million in net outflows on Tuesday, according to SoSoValue data. The withdrawal followed $1.40 million in inflows on Monday, leaving a combined net outflow of approximately $3.44 million across the two sessions. The reversal comes after four consecutive weeks of inflows. It could reflect profit-taking, but fund flows alone don't reveal investors' motivations or whether the trend will persist. Further withdrawals would indicate continued softness in demand through the ETF, while renewed inflows would suggest Tuesday's redemptions were temporary. NEAR holds above its 50-Day Moving Average. NEAR traded around $4.74 in the supplied price snapshot, remaining above its 50-day Exponential Moving Average at $4.33. That positioning preserves a constructive near-term structure despite the pullback from the October 12 high of $6.00. The 200-day EMA sits considerably lower at $2.89, supporting the broader upward trend. However, NEAR remains below a descending trendline around $5.02. Buyers need to overcome that barrier to strengthen the recovery. A confirmed breakout could bring the September 27 high of $5.57 into focus. Until then, the psychological $5 threshold and nearby trendline remain obstacles. Daily momentum indicators have yet to show a decisive bullish shift. The Relative Strength Index stands near 49, close to the neutral 50 level, indicating a balance between buying and selling pressure. Meanwhile, the Moving Average Convergence Divergence line remains below its signal line and slopes downward. That suggests momentum is still subdued despite the latest rebound. On the downside, initial support lies at the September 25 low near $4.43, followed by the 50-day EMA at $4.33. A break below those levels could expose the September 19 high around $3.91. Holding this support area while reclaiming $5.02 would provide stronger evidence that NEAR's recovery is gaining traction.