The Near Protocol (NEAR) price reached a low of $0.97 on October 19, falling below $1 for the first time since 2020. 

The Relative Strength Index (RSI) shows bearish signs in multiple timeframes. When will NEAR reach a bottom?

NEAR Finally Falls Below $1

The NEAR price has decreased since its all-time high price of $20.60 in January 2022. Initially, the price bounced at the start of 2023 but failed to initiate a bullish trend reversal. 

After breaking down from the $1.25 horizontal support area in August, the price continued its descent toward the $0.80 horizontal support.

On October 19, NEAR fell to a low of $0.97. This is a new 1000-day low for the price.

The weekly RSI provides a bearish reading. When evaluating market condi

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Author: Valdrin Tahiri

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