$NEAR slides to $1.57 — AI-adjacent tokens face heightened selling pressure in risk-off mode.
What's Happening:
Price Action: NEAR falls 7.9% to $1.57, among the steeper drops in Layer 1s.
AI Narrative: Chain abstraction and AI agent infrastructure cooling with broader AI token selloff.
Developer Activity: NEAR's developer ecosystem remains active despite price weakness.
Chain Abstraction: The vision of seamless multi-chain experience progresses technically.
Why It Matters:
NEAR's positioning at the intersection of AI and blockchain made it a high-beta play on the AI narrative. When that narrative cools, NEAR feels it harder. But the technical progress on chain abstraction continues — narratives cycle, development doesn't stop.
Technical View:
$1.50 is critical support. A hold keeps the medium-term structure intact with $2 as recovery target. A breakdown risks $1.20. Volume elevated suggests some capitulation — often a bottoming signal.
🎯 Key Levels:
Support: $1.50 | Resistance: $2.00
24h Range: $1.45 - $1.74
💡 "AI narratives have seasons. NEAR's chain abstraction thesis plays out over years, not news cycles."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#NEAR #NEARProtocol #AI #ChainAbstraction #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
