Momentum

NEAR Protocol

Swing

<h2 id="three-things-to-know">Three Things to Know</h2>
<ul>
 <li>NEAR holders approved a second inflation cut in about a year, though the change will take months to arrive.</li>
 <li>Both NEAR and SUI show weak momentum, with sellers still leading the trend on the daily charts.</li>
 <li>SUI sits just above nearby support, while NEAR must reclaim its 50-day line to repair the chart.</li>
</ul>
<p>NEAR token holders voted to slow the growth of new supply, approving a lower inflation cap through the network's governance system. The vote passed while NEAR was in a sharp weekly slide.</p>
<p>The cut is a long-term story, and traders work on a shorter clock. Sellers still lead both NEAR and SUI, and SUI has lost its long-term trend support. Buyers now need to defend nearby floors before another leg lower tests them.</p>
<h2 id="near-holders-vote-to-shrink-new-supply-to-1-6">NEAR Holders Vote to Shrink New Supply to 1.6%</h2>
<p>NEAR token holders approved a smaller ceiling on new supply. Proposal HSP-029 passed through the House of Stake governance system and was finalized on Nov 2, 2026. It lowers maximum annual inflation from 2.5% to 1.6%. The network made a similar move in October 2025, so this is its second cut in about a year.</p>
<p>The change will not arrive quickly. It phases in over roughly two years and still needs a Security Council review, a 90-day grace period and a validator protocol upgrade.</p>
<p>Once in place, the cap should mean about 11.8 million fewer new tokens a year, worth roughly $45 million at recent prices. That puts NEAR below Solana's 3.82% inflation rate. History offers a warning, though. Earlier cuts did not lift the price, and smaller staking rewards could lead some stakers to sell.</p>
<p>Demand may matter more than supply. NEAR Intents, the network's cross-chain trading service, posted a record $2.4 million in October revenue on $3.9 billion of 30-day volume.</p>
<h2 id="near-bounces-but-still-trades-under-its-50-day-line">NEAR Bounces but Still Trades Under Its 50-Day Line</h2>
<p>NEAR Protocol (NEAR) daily price with the nearest support (green) and resistance (red). Source: TradingView</p>
<p>NEAR traded near $3.93 on Tuesday, up about 3% on the day. The bounce is small next to the damage. The token lost roughly 16% over the past week and about 20% over the past month. The governance vote has not changed the direction of the chart yet.</p>
<p>The 50-day moving average, which tracks the average closing price over that period, sits near $4.27. NEAR trades below it, so that line now acts as a ceiling. Buyers will need to push through it before the recent slide looks finished.</p>
<p>Over a longer horizon, the chart holds up better. The 200-day average sits far lower, near $2.96, and price remains well above it. That keeps intact the broad recovery that began at February's yearly low. Recent selling has cut into those gains without erasing them.</p>
<p>Momentum still favors sellers. RSI, a 0 to 100 gauge of momentum, reads 41. That is weak territory, below neutral and above oversold. The MACD sits under its signal line, so momentum is still pointing down. Trend-strength readings show a real trend, and sellers lead it.</p>
<p>On the daily chart, the first hurdle is resistance near $4.54. A close above that level would be the first real sign of repair. It would also put NEAR back over the 50-day line. Above it, the next ceiling stands near $5.52.</p>
<p>The downside carries more risk. Nearest support is far below, around $2.73. If the bounce fails, the chart shows little in between to slow a drop. A break there would expose the next floor near $2.21.</p>
<h2 id="why-sui-has-less-cushion-than-near">Why SUI Has Less Cushion Than NEAR</h2>
<p>Sui (SUI) daily price with the nearest support (green) and resistance (red). Source: TradingView</p>
<p>SUI traded near $0.90 on Tuesday, flat on the day. The weekly loss was milder than NEAR's, at about 4%. The monthly picture looks worse, with the token down roughly 26% over 30 days.</p>
<p>The bigger problem is structure. SUI sits below both its 50-day and 200-day averages. The longer line sits near $0.97. NEAR still holds its long-term line, which gives it a floor far below the current price. SUI has no such backstop, so both averages now act as ceilings.</p>
<p>Momentum offers no relief. RSI reads the same weak 41 as NEAR, and MACD also points down. Sellers lead this trend too.</p>
<p>On the daily chart, the 50-day line doubles as first resistance near $0.95. A close above it would also bring the 200-day average into reach just overhead. Clearing both would open a path toward the next ceiling near $1.06.</p>
<p>Support sits close, around $0.84. That leaves little room for error, since a modest dip would test it. A break would expose the next floor near $0.71, a much deeper drop.</p>
<h2 id="two-paths-for-the-next-72-hours">Two Paths for the Next 72 Hours</h2>
<p>Both coins sit closer to a decision than their quiet daily moves suggest. These setups use the levels marked on the daily charts.</p>
<ul>
 <li>Bullish: NEAR posts a daily close above its first resistance and aims for the higher ceiling, while SUI clears its 50-day line and heads toward its next ceiling. A slip back under Tuesday's prices would cancel this setup for both coins.</li>
 <li>Bearish: SUI loses its nearby support and slides toward the deeper floor, while NEAR stalls under the 50-day line and drifts toward its first support. Closes back above first resistance on both charts would invalidate this view.</li>
</ul>
<h2 id="supply-cuts-need-time-while-sellers-need-only-one-break">Supply Cuts Need Time While Sellers Need Only One Break</h2>
<p>The inflation vote helps NEAR over the long run, since slower supply growth favors holders who stay for years. Swing traders face a shorter clock. Waiting for each coin to reclaim its first resistance on a daily close looks safer than buying now.</p>
<p>Near-term risks still dominate. Implementation sits months away, and stakers facing smaller rewards could sell before any benefit arrives.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>

SUI Sellers Are Back in Control as NEAR Drops 16%. Here's What Swing Traders Can Do Next

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