NEAR drops 16% a day after Bitwise's bullish report
- —NEAR fell from $5.34 to $4.49, touching $4.30 intraday (-20%)
- —Bitwise: NEAR gained 198% in Q3 vs 43% for BTC and 71% for ETH
- —NEAR Intents hit a record $4.80 billion in monthly volume in September
- —RSI dropped from above 80 to 52.7; MACD has been bearish since early October
Why it matters: The pullback after Bitwise's report shows NEAR's 198% quarterly rally is vulnerable to profit-taking despite record Intents volumes.
Source: AMBCrypto