NEAR's token fell nearly 6% on the day to trade at $1.79, with every short-term moving average now stacked above the current price. The next 48 hours hinge on whether the $1.74 support level holds.
Resistance from the moving averages
The token's price is trading below its 20-, 50-, and 100-day moving averages, a configuration that typically signals further downside pressure. Each of those averages now sits above $1.79, forming a wall of resistance that bulls must break through to reverse the slide. The last time NEAR traded above all three was in early February.
Why $1.74 matters
That level has acted as a floor during the past two sell-offs in February and March. If the price breaks below $1.74, the next support is roughly 8% lower near $1.60. Traders say volume has picked up in the past few hours, suggesting the test of that zone could come within the next two trading sessions.
On the upside, a recovery above $1.90 would put NEAR back within striking distance of its 20-day moving average, but the token would need to clear that level with conviction to change the short-term trend.
What happens next
With no major network upgrades or partnership announcements on the immediate calendar, the price action is likely to be driven by the broader crypto market mood and the $1.74 level. The next 48 hours will show whether that support holds or gives way.
