Summary
TLDR: The NEAR price has seen a strong correction, with transactions decreasing since peaking on March 3. The RSI is falling but still above the overbought threshold, and a potential death cross on the price chart suggests a downtrend. These factors signal caution for the NEAR market outlook, with a potential 45% drop if support at $5.13 is not maintained. Always conduct your own research before making financial decisions.
Key Points
1. The number of transactions for NEAR peaked on March 3, but has since been decreasing, indicating a potential slowdown in activity within the protocol.
2. The Relative Strength Index (RSI) for NEAR has been declining but remains above the overbought threshold, suggesting a possible decrease in momentum for price increases.
3. The price chart for NEAR is showing signs of a potential death cross, a bearish signal that could indicate a forthcoming downtrend in the market.