NEAR slips below $5 despite $5.42m ETF inflow

Key takeaways NEAR fell 7% on Tuesday to around $4.70, extending Monday’s decline. Bitwise’s NEAR ETF attracted $5.42 million on Monday after three consecutive weeks of inflows. Resistance near $5.02 must be reclaimed to strengthen the recovery outlook. NEAR retreats despite continued ETF buying NEAR Protocol declined by over 7% on Tuesday, following a similar loss the previous day, as weakening short-term momentum outweighed continued demand through its exchange-traded fund. The token traded around $4.70 at the time of this report, remaining below a closely grouped resistance area near $5.02. Bitwise’s NEAR-focused ETF, NRR, recorded $5.42 million in net inflows on Monday, according to SoSoValue data. The buying followed three consecutive weeks of inflows totaling more than $80 million.

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