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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-fluctuations-a-closer-look-at-near-coin/" data-wpel-link="internal">Cryptocurrency Market Fluctuations: A Closer Look at NEAR Coin</a> 
<a href="https://en.coin-turk.com/bitcoin-price-analysis-and-expert-predictions/" data-wpel-link="internal">Cryptocurrencies</a> have been experiencing impressive rallies for a while, with many <a href="https://coin-turk.com/meme-coinler-yorum-shib-floki-ve-babydoge" data-wpel-link="internal">altcoins</a> gaining 2 to 3 times their value. However, this will not continue indefinitely. Even in bull markets, we can see a general market value drop of 30% and altcoin drops of 50% or more. This is a situation we have encountered in previous cycles. 
<h2 style="text-align: justify" id="near-coin">NEAR Coin</h2> 
One of the altcoins that suffered the most from the FTX collapse was NEAR Coin. Its biggest supporter, a bankrupt crypto initiative, faced rapid sales by investors who lost their long-term optimism, causing significant damage. Moreover, it did not experience a major comeback like <a href="https://en.coin-turk.com/will-the-rise-in-sol-continue-on-chain-analysis-of-sol/" data-wpel-link="internal">SOL</a> Coin. The reason is the potential for many alternatives to take its place. 
After two and a half years of struggle, NEAR Coin has seen a 38% increase in the last 24 hours. This comeback, following three days of selling candles, caught many by surprise. Bears, having confirmed a persistent decline with the third candle, were caught off guard by the subsequent rise. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-324446 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/NEAR-Coin-LIkidasyon.webp" alt="" width="1536" height="448"> 
Following the liquidation of $2.23 million in short positions, the funding rate in futures markets became significantly positive, averaging 0.0670%. On the other hand, the total value locked (TVL) on the network also increased by 22.5% within 24 hours, rising from $155 million to $189 million. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-324447" src="https://coin-turk.com/wp-content/uploads/2024/03/NEAR-Fonlama.webp" alt="" width="1536" height="369"> 
<h2 style="text-align: justify" id="near-coin-price-prediction">NEAR Coin Price Prediction</h2> 
The NEAR price has risen, but we have yet to see strong closures above the key selling wall. For now, bulls are blocked at $5.6, making it easier for bears as time passes. In an optimistic scenario, if resistance is permanently overcome, the price could climb to the next hurdle at $6.5. The outlook in futures markets suggests that bears may continue to be cautious during this rise, which could potentially accelerate the uptrend. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-324448 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/NEAR-Coin-Teknik-Analiz.png" alt="" width="1902" height="795"> 
However, since the Relative Strength Index (RSI) is in the oversold region, investors waiting to take profits should be much more cautious. Upcoming US data or possible rapid profit-taking in the <a href="https://coin-turk.com/yatirimcilari-korkutan-bitcoin-dusus-sinyali-yine-goruldu" data-wpel-link="internal">BTC</a> channel will be highly supportive for NEAR bears. 
If the RSI remains in the overbought region and NEAR Coin closes above $5.6, there is no problem. However, if the RSI declines while the price closes below $5.6, it could lead to a drop to $4.85 or lower. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-fluctuations-a-closer-look-at-near-coin/" data-wpel-link="internal">Cryptocurrency Market Fluctuations: A Closer Look at NEAR Coin</a></h5>

Cryptocurrency Market Fluctuations: A Closer Look at NEAR Coin

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