Ethereum, Chainlink and Near Protocol test key support levels as uptrends pause

Large-cap altcoins experienced mixed trading sessions, with major names such as Near Protocol (NEAR), Shiba Inu (SHIB), Chainlink (LINK), and Ethereum (ETH) testing significant support areas after notable pullbacks from recent highs. Near Protocol, a leading layer 1 blockchain platform designed to make decentralized applications easy to build and use, is trading close to $4.55 on the daily chart following a strong rally this year. The price climbed from around $1.80 in August to nearly $6.00 by mid-October, marking one of the best performances among large altcoins during this period. However, from its recent peak, NEAR retreated approximately 24% in an orderly fashion. Key moving averages between $4.30 and $4.40 have repeatedly provided support, with buyers stepping in at these levels. All major trend indicators still point to the upside.

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