Near, Stellar, Chainlink and Cardano break key support as sellers drive prices down

The cryptocurrency market is witnessing renewed pressure as Near Protocol (NEAR), Stellar (XLM), Chainlink (LINK), and Cardano (ADA) all broke key support levels, extending recent losses and signaling limited prospects for a quick rebound. These assets have closely tracked the broader market downtrend, which accelerated after failed recovery attempts by leading cryptocurrencies earlier in the month. Near Protocol has mirrored the prevailing negative sentiment in the digital asset space, slipping below several critical support zones with minimal signs of stabilization. NEAR is currently trading close to $3.39 after losing its short-term moving average indicator. Technical analysis suggests that a recovery is unlikely before the price approaches the 200-day exponential moving average, which sits near the $3 mark.

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