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Altcoins & DeFi

NEAR risks fall to $3.76 as sell signals flash for Zcash and BNB

Image: CoinTurk News

Three major altcoins—NEAR Protocol, Zcash (ZEC), and BNB—are triggering bearish technical indicators, putting key support levels under close scrutiny. Market voices have underlined a series of technical sell signals, sparking renewed market caution as these assets approach crucial price thresholds. Market analyst Ali Charts identified recent sell signals across the three tokens by employing the TD Sequential, Parabolic SAR, and SuperTrend indicators. Historically, such signals have coincided with significant corrections, though this does not guarantee similar outcomes going forward. NEAR’s weekly TD Sequential recently produced a sell indication. In a comparable past setup, NEAR experienced a 32% drop. The token has already declined 24%, with the $4.30 support level now seen as pivotal. A move below this point could open the door to $3.76.

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