NEAR Protocol (NEAR ): selling pressure and key levels.

NEAR is under pressure after a series of lower highs on the 4H. The price is trading below EMA(7/25/99), confirming a local downtrend. Buyers are currently weak, but the price is approaching a potential bounce zone.

Support levels:

• 1.20-1.21- local bottom (current reaction).

• 1.10-1.15- strong demand zone.

Resistance levels:

* 1.27-1.30- EMA zone + nearest sellers

* 1.35-1.40- key level for structural change.

Scenarios;

° Bounce from 1.20- possible short long to 1.27-1.30.

° Rejection from 1.27- continuation of short with targets 1.15.

° Consolidation above 1.30- chance of reversal and move to 1.35+.

Attention. The market is still bearish, longs - only cautiously and from support.