NEAR Market Update 28/10

NEAR Market Update 28/10

After a dip in the market we can see that we are slowly recovering and getting back in green territory. There is a big battle of the non-fundamental coins. We are still figuring out what this would mean for the end of the cycle (the fact that they are gaining more and more market cap). One of our opinions can be that they will cycle back to BTC at the end of the cycle.

On the daily NEAR/USDT pair we can see that the NEAR price dropped almost 20% yesterday. Today the price attempted to go back to almost $13 but the price got rejected and we held at around $10.81. As long as we stay above $10.31 we can keep consolidating. Consolidation is key to have continuation.