NEAR Fell 18% in Two Weeks, About 3 Times Bitcoin’s Drop. How Low Could It Go?

NEAR Protocol (CRYPTO:NEAR) has seen a significant drop of 18.4% over the past 14 days, which is more than three times Bitcoin’s (CRYPTO:BTC) 5.6% decline during the same period. This raises an important question for any NEAR price prediction: how low could NEAR go from here?

NEAR is trading at $4, down 7.6% in just 24 hours and below its lowest closing price in the last month, $4.05 on October 29.

Notably, this two-week decline is steeper than NEAR’s 17.2% loss over the last 30 days, suggesting the entire drop occurred in the past two weeks. A broader market downturn triggered this slump, and the recent Binance hack intensified it.

Bitcoin’s Pullback Started NEAR’s Slide, and the Binance Hack Deepened It

The initial downturn began on October 22, when NEAR closed at $4.88, down from $5.26 the previous day, before slipping to $4.68 on October 23. During this time, Bitcoin also fell, suggesting NEAR’s drop was influenced by broader market trends. However, NEAR bore the brunt of the decline because of its prior performance. Investors who had enjoyed a remarkable 165% gain this year were clearly eager to protect their profits.

The second phase of this decline hit on October 29, when NEAR opened at $4.73 and closed at $4.05. During this period, trading volume surged from 4.9 million to 12.3 million, coinciding with a major hack that impacted Binance—which Elliptic, a blockchain analytics firm, described as the largest theft in history.

According to Elliptic’s latest updates, stolen NEAR and other cryptocurrencies began moving on November 1, although only a small amount of the stolen funds has likely been cashed out. NEAR’s daily drop of 7.6% aligns with these movements, though timing alone does not conclusively link the two events.

Traders often sell in anticipation of a potential sale of stolen coins, as increased supply from a thief liquidating assets without new demand can further depress prices.

NEAR Fell Harder Than Bitcoin but Less Than Solana and Avalanche

While Bitcoin has weathered the storm better than NEAR, trading at $77,324 with a 3.4% drop over the past week, NEAR fell more sharply, down 11.9% over the same period. Both cryptocurrencies are currently trading below their 20-day and 50-day moving averages, although both remain above their 200-day averages.

More broadly, over the last month, NEAR outperformed its closest competitors—Solana (CRYPTO:SOL) fell 20.5%, and Avalanche (CRYPTO:AVAX) dropped 21.7%. NEAR, which reached a one-year high of $5.89 on October 11, began its decline from a higher price point compared to other altcoins.

The disparity in year-to-date performance likely explains NEAR’s sharper decline in the last two weeks. With a remarkable 164.9% gain in 2026, NEAR is positioned distinctly compared to Solana, down 23.6%; Avalanche, down 29.2%; and Bitcoin, down 11.7%.

When fear enters the market, cryptocurrencies that have seen a substantial uptick in value tend to drop more sharply. Furthermore, NEAR ranks 21st among cryptocurrencies, meaning it has fewer buy and sell orders at each price point than Bitcoin, which can exacerbate price fluctuations.

NEAR Lost Its 20-Day and 50-Day Averages as the Rebound Faded

Currently, NEAR is trading below its 20-day simple moving average of $4.74 and its 50-day moving average of $4.55. A simple moving average is calculated by averaging the closing price over a specified number of days, suggesting that recent buyers may be facing losses and could sell into any rebound. Nevertheless, NEAR remains above its 200-day average of $2.53, which helps to maintain the overall upward trend.

On October 30, trading volume surged to 11.9 million as NEAR dipped to a low of $3.90 before closing at $4.29. However, the subsequent bounce to a close of $4.42 on October 31 occurred on a lower volume of 4.7 million, and volume declined even further to 2.9 million on November 1. This pattern indicates that the rebound attracted little new buying interest.

Buyers Have Stepped In for NEAR at $3.90, $3.42 and $3.07

Currently, NEAR’s immediate support level is around the $4 mark, along with the October 30 intraday low of $3.90. Below that, buyers previously stepped in at the September 20 low of $3.42 and the September 18 low of $3.07. The September breakout originated from this lower level on significant volume.

Beyond these levels, the next crucial marker is the 200-day average at $2.53. Should NEAR fall below that, the one-year low of $0.96 from February 11 could come into play. NEAR started the year at $1.51, so a drop to its one-year low would effectively erase all gains made this year. NEAR also remains 80.4% under its all-time high of $20.44 from January 2022.

NEAR Price Prediction: How Low Could NEAR Go From Here?

While there is hope that NEAR could hold around the $4 level, its stability significantly depends on whether the stolen NEAR remains off exchanges. Currently, traders are reacting to fears of future sell-offs that have not yet occurred, as Elliptic reports only a small portion of the stolen assets reviewed has likely been liquidated. If the thieves were to start selling stolen NEAR on exchanges, it could add new supply to the market amid existing fears.

For NEAR investors, the key level to watch is the October 30 low of $3.90. If NEAR closes a day below this point, it may trigger additional selling pressure, bringing the $3.42 level into focus. Conversely, if NEAR closes above its 50-day average of $4.55 on increasing volume, it could signal the end of the recent selling trend. For now, NEAR looks more likely to hold near $4 than to fall to $3.42, as long as the stolen coins stay off exchanges.

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