NEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES was also lower during Saturday’s session, falling by as much as 14%. Overall, crypto markets are down nearly 5% as of writing.
Near Protocol (NEAR)
NEAR was one of the most notable movers to start the weekend, as prices fell by over 10% on Saturday.
Following a peak of $5.03 on Friday, NEAR/USD has so far slipped to an intraday low of $4.38 in today’s session
This drop saw prices fall by nearly 13%, and comes as the global crypto market cap is down 4.8% as of writing.
Saturday’s decline came as NEAR broke out of its support point at $4.45, on its way to its lowest point since May 11.
The 14-day RSI is now also firmly oversold, and is trading at 30.62, which is a two-week low, whilst also acting as a floor.
Should this floor be broken, then we may see NEAR move below that one-month low of $3.57, and instead hit an 11-month bottom.
WAVES
WAVES was also down by double digits on Saturday, as it hit a lower low for the tenth consecutive session.
As of writing, WAVES/USD hit an intraday low of $6.30 to start the weekend, which is $1.17 below yesterday’s high.
Looking at the chart, today’s move has pushed WAVES closer to its long-term support of $4.40, which is a level that hasn’t been hit since May 30.
Overall, prices are down over 15% as of writing, and are trading at their lowest point in almost two weeks.
Despite the weakening of the RSI as a result of the sell-off, the indicator has already found another level
