NEAR Pullback Puts a Possible 27% Drop in Focus, SUI Holds Near $0.87

Three Things to Know NEAR slid with AI-linked tokens after a Wall Street rout triggered heavy crypto liquidations. A fresh buy signal on NEAR's daily chart has so far failed to attract buyers. SUI sits just above a nearby floor near $0.83, a line buyers cannot afford to lose. NEAR Protocol extended its slide this week as a sharp selloff in US stocks spilled into crypto. Leveraged long positions were wiped out, and tokens tied to artificial intelligence took some of the worst hits. The timing stings for NEAR holders, who just voted to cut future token issuance. SUI has held steadier, but both charts still lean toward sellers. Traders now want to know whether nearby support can hold before macro pressure forces a deeper drop. Stock Rout Overrides NEAR's Buy Signal and Supply Cut Wall Street set the tone. The Nasdaq Composite fell 5.5% on Nov 5 as investors worried about AI spending and political uncertainty. The S&P 500 lost 4.3%. Bitcoin dropped more than 6% toward $75,000 in the same session. The selling spread fast through leveraged crypto bets. Over $1B in positions were liquidated, mostly longs. AI-related tokens took some of the heaviest losses, and NEAR sits squarely in that group. NEAR first slipped below $4 on Nov 3. It fell about 7% on Nov 6. Over 24 hours it traded between $3.63 and $4.05. The token peaked near $6 in October. Analyst Ali Martinez flagged a TD Sequential buy signal on the daily chart. Buyers have not acted on it yet. Holders also approved proposal HSP-029 on Nov 2 with roughly 99.9% support. It cuts maximum annual issuance from 2.5% to 1.6% over 24 months. That avoids about 11.8M new NEAR tokens. The change still needs Security Council review, a grace period and validator adoption. Some traders may have sold the news. NEAR Trades Under $4.21 With $2.73 the Next Real Floor NEAR Protocol (NEAR) daily price with the nearest support (green) and resistance (red). Source: TradingView NEAR changed hands near $3.74 on Thursday. The token has lost about 13% over the past week and roughly 30% over the past month. The short-term trend has broken. NEAR now sits below its 50-day moving average, an average of recent closing prices, which stands near $4.21. That line now acts as a ceiling. The 200-day average sits much lower, around $2.98. As long as price holds above it, the longer uptrend from the past year stays intact. Momentum favors sellers. RSI, a 0 to 100 gauge of momentum, reads 40. That is weak, though still well short of the oversold zone below 30. Sellers have room to push further before the market looks stretched. Other gauges agree.