NEAR is around 1.91 u now. It’s been moving up nicely today—up by more than two points. The 24-hour high and low are both right around the current price, and the overall momentum is basically a steady upward climb.

However, looking at it over a longer period, it’s still down for the week—down by more than 1 point. It’s also down by more than 2 points over the month, which suggests the earlier trend has been relatively weak. Today’s move can be counted as a short-term rebound, but it’s still not enough to say the trend has truly turned stronger.

It’s down more than 90% from its all-time high of 20. The level was already low to begin with. After such a deep drop, part of this rebound comes from short-sellers covering, and part is buyers at low levels starting to probe the market. Whether it can hold will depend on what happens over the next few days.

The circulating amount is basically all of it; there isn’t much pressure from any new supply later on. So the price will depend entirely on whether there’s appetite from incoming capital.

At this level, if today’s rebound can continue and it can hold the 1.87 range without slipping back, you can look to see whether it can recover this week’s losses. If the rebound fizzles out after just one day, then most likely it will return to the earlier grind-down rhythm. If you want to buy the dips, you can try with a small position now. Don’t rush too aggressively to chase longs, since the bigger trend hasn’t truly played out yet. #near $NEAR