Near Protocol Slips Below $5 as $4.50-$5.30 Support Zone Emerges

Near Protocol (NEAR) fell below $5 on Oct. 13 as weakening short-term momentum left the token below its 20-day average and focused attention on a $4.50-$5.30 support zone. NEAR traded at $4.976, down 2.30% for the session, after moving between $4.89 and $5.368. The token was about 17% below the $6 level highlighted in the technical outlook. The 20-day simple moving average stood at $5.029. NEAR’s 50-day, 100-day and 200-day averages were $3.559, $2.675 and $2.208, respectively. Daily momentum indicators also weakened. The MACD line was 0.442, below its 0.521 signal line, while the histogram was negative at -0.079.

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