NEAR Price Faces a Critical Test – Why Is NEAR Protocol Plunging?

NEAR Protocol faces continued selling pressure as weakening investor flows and market uncertainty weigh on investor sentiment Traders are now watching whether market demand returns and Bitcoin stabalises, as these factors could influence NEAR’s next move The NEAR Protocol price has drawn significant attention recently after smashing its yearly high at $6. Since then, the token has faced renewed selling pressure, attracting more than an 8% loss in the past 24 hours. The decline has brought the price closer to its pivotal support zone, putting its recent recovery at risk.