Near Protocol (NEAR), Stellar (XLM) ChainLink (LINK) and Cardano (ADA) Price Analysis For November 13: The Market Approaches Overselling

Near Protocol is simply following the broader market trend , breaking through one support level after another without showing any signs of a recovery. NEAR is trading at around $3.385, with the latest decline taking it below the orange moving average. From a technical perspective, it is unlikely that we will see any hints of a quick rebound until NEAR reaches the 200 EMA. That is the potential recovery scenario here, with the longer-term average sitting near the $3 area on the chart. From a price development perspective, the only positive outcome we are witnessing here is the breakthrough of the 200 EMA back in May, which might become a support at some point, though that has not happened yet.

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