#TRADING Near Protocol #NEAR #Social #activity ▶️ full #strategy #INVESTIDEAUA @INVESTIDEAUA
Coin of the day by social activity 🔸Trading volumes: down -94.6% from a 7-day high to approximately $403,392.52. Observations: The significant drop in trading volume, which was down 94.6%, appears to correlate with the 15.44% decline in NEAR price, suggesting that the decline in trading activity may be contributing to downward price momentum.
🔸 Capital Flows: Decreased from -38,018.00 NEAR in the last 7 days to -283,292.80 NEAR, indicating a downward trend. The significant increase in negative capital flows from -N38,018.00 to -NEAR 283,292.80 over the past week appears to correlate with the 15.44% decline in NEAR price, suggesting that capital outflows may be a contributing factor observed price decline.
🔸 Order Book Depth: NEAR Order Book shows an almost balanced depth with Buys at 180,769.80 and slightly higher Sells at 181,533.90, along with a 7-day downtrend of -15.44 % from the maximum, may indicate a potential continuation of bearish pressure on the price.