NEAR rebounds after breaking below $1.83 support, Solana's launch boosts trading volume skyrocketing

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【Crypto World】NEAR Protocol has recently faced significant selling pressure, with the support level of $1.83 already broken. The situation looks a bit risky. However, from a technical perspective, the Stochastic RSI is hinting at a different story — the price may be in an oversold condition, and the seeds of a rebound have already been planted.

Interestingly, NEAR’s listing on the Solana platform for trading marked a turning point. This new move directly boosted the 24-hour trading volume by approximately $17.6 million, bringing the total trading volume to $83.5 million. Liquidity has also increased accordingly, giving the market some breathing room.

According to CoinGlass data, there is still about $839,000 in large positions stacked around the $2 level. If the bullish momentum can strengthen further, this price level could become a short-term rebound target. However, to truly reverse the trend, the key is to hold the $1.83 support line. Bulls must establish a firm footing here to have a chance to build a new upward trend.

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digital_archaeologistvip
· 12-19 23:49
Honestly, after breaking 1.83, I was a bit panicked... but looking at the Stochastic RSI signal, there’s definitely a feeling of rebound. The move to launch on Solana was well played; trading volume shot up immediately, liquidity recovered, which at least shows that some people still believe in NEAR. There are $839,000 sitting at the $2 mark, feeling like waiting for the right moment... But whether it can stabilize really depends on whether the bulls can hold on. --- The move to launch on Solana really gave NEAR a boost; otherwise, it would have been in ICU. --- Wait, is a trading volume increase of only 17.6 million really big news? I feel a bit... fake. --- The oversold signal has appeared. How are the short positions doing? Hurry up and run, everyone. --- Holding onto $2 is the key; if it breaks further, things will get serious... Keep watching.
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gas_fee_therapyvip
· 12-19 23:44
Down again and then rebound, I’m familiar with this routine Solana's launch did indeed boost liquidity, but after breaking 1.83, do you still dare to buy the dip? I’m not so sure Are the big funds around $2 really supporting the market or just enticing more buying? That’s the real question
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CommunityLurkervip
· 12-19 23:43
Can near's recent rebound hold above $2? It still seems promising. The breakdown was really scary, but it looks like Solana's support has started to take effect. Trading volume soaring is just for fun; the key is when the funds will truly start to enter. After losing the $1.83 support, I actually feel a bit hopeful—oversold rebounds are not a dream. The Solana ecosystem is starting to heat up again, and the logic makes sense. I can't understand why $2 is considered the only success point; it feels like just a rebound now is enough to make a profit. Increased liquidity is a good thing; at least it won't crash as violently.
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TokenVelocityTraumavip
· 12-19 23:38
Well... Solana's launch really saved NEAR, otherwise this decline would have been terrifying. The key is whether it can hold steady above $2, otherwise the rebound will be meaningless.
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PositionPhobiavip
· 12-19 23:35
1.83 broke through, but no matter how strong the rebound signals are, they can't save my losses. NEAR's trading volume surged after launching on Solana? Can this continue, or is it just a flash in the pan? Can the bulls really hold the key level of $2? I choose not to believe it. I've heard too many times about oversold rebounds, but in the end, I'm still trapped. Good liquidity means safety? I'm a bit skeptical. It's about time to buy the dip on NEAR; chasing now just makes you the bag holder. Stochastic RSI looks comfortable, but my wallet doesn't feel the same. $17.6 million in trading volume increase sounds impressive, but is it really enough for NEAR? Hold the $2 level? Don't joke around, it might break even further. This rebound looks fake; it always feels like another trap.
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SnapshotLaborervip
· 12-19 23:25
Did it drop again? I really can't understand this move. Solana's launch actually saved the situation; it feels like the bottom is just holding on.
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