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In Brief

  • Near Protocol (NEAR): Price is $3.385 after losing the orange moving average, and a rebound is unlikely before the 200 EMA near $3.
  • Stellar (XLM): Price has fallen to 0.14 and a recovery is unlikely until a catalyst emerges in the broader market.
  • ChainLink (LINK): Price has lost the $10 level and trades at $9.89, with the next support around $8.20.
  • Cardano (ADA): Price has broken the $0.20 support and is testing $0.17, with little room for a bounce.

Near Protocol (NEAR): Price Follows the Broader Market Lower

Near Protocol is simply following the broader market trend, breaking through one support level after another without showing any signs of a recovery. NEAR is trading at around $3.385, with the latest decline taking it below the orange moving average.

From a technical perspective, it is unlikely that we will see any hints of a quick rebound until NEAR reaches the 200 EMA. That is the potential recovery scenario here, with the longer-term average sitting near the $3 area on the chart.

From a price development perspective, the only positive outcome we are witnessing here is the breakthrough of the 200 EMA back in May, which might become a support at some point, though that has not happened yet. NEAR remains above that average despite losing the shorter-term support levels.

The asset mostly followed the uptrend in September, but tumbled quickly due to the general reversal of the cryptocurrency market. The downtrend is much stronger than the bullish reversal attempts NEAR had in October.

As for volume, it is currently on a downward trend, which leaves the door open for a potential recovery in the medium term.

The RSI is also in a weak position and may soon reach oversold territory. This could leave room for a recovery sooner than expected, though a test of the aforementioned 200 EMA remains the main scenario. An oversold reading alone wouldn't guarantee that.

Unfortunately, the market is brutal right now and clearly shows a serious level of pressure. A bounce from the longer-term average would be a good sign, but the confirmation of a market recovery would only come if we witness higher highs and sustained buying.

Stellar (XLM): Price Stays Suppressed

Meanwhile, the price has begun to follow a similar trend and has even fallen below the range of the previous zone of active buying, which was observed on August 18, 2026. It is now at 0.14, which coincides with the previous accumulation point as far back as May 2026.

The RSI trend is also bearish, and we may not see a recovery until a catalyst emerges in the broader market. Despite the RSI being in the oversold zone, there is no strong catalyst to help it rebound quickly, and the moving averages are also beginning to diverge.

This is an indication that the price will most likely continue to fall. Conversely, when the moving averages converge, we should expect a rise in volatility, which would be a more positive development for this asset than any other scenario.

ChainLink (LINK): Price Invalidates the Support

Meanwhile, Chainlink's struggles in the market continue. The price has already broken below the 200-period moving average, and it's now in something of a free fall. LINK is trading at around $9.89, with the asset losing the $10 level as the decline continues.

The next support area in this scenario is around $8.20; below this, another potential support sits near $7. There are earlier trading ranges between the current price and those levels, so the path down isn't necessarily clear. However, a drop towards the lower level would essentially invalidate all of the gains LINK has seen since June.

Overall, the situation isn't much different from that of other tokens. If we overlay the charts for Stellar, Chainlink, Ethereum and others, we'll get roughly the same picture: recovery attempts followed by renewed pressure.

The difference is that with LINK, we might see an additional spike in volatility that quickly weakens the possibility of a rapid rebound, as the moving averages are only just converging. Such a move would be especially damaging if sellers remain in control. When a downtrend is accelerating, the price drop can become critical.

Overall, positive factors for LINK are quite hard to find right now. Despite the fact that the RSI is already approaching the oversold zone, LINK could still find a way to drop even lower.

A recovery is unlikely until a catalyst emerges in the broader market, with higher highs and sustained buying needed to show that the asset is finally moving towards a proper recovery.

Cardano (ADA): Price Stays Indifferent

Although Cardano usually follows the rest of the cryptocurrency market, here we see a situation similar to the three other tokens we have already discussed. The asset has already broken a fairly strong support that formed around $0.20, and the next potential buying area is now under substantial pressure, being tested around $0.17.

Apart from that, Cardano has already dropped below the halfway point of the recovery from June to October. Despite the RSI already showing oversold conditions, we aren't seeing much room for a bounce here.

On the positive side, volume is clearly moving down and isn't adding strength to the downtrend, which is a substantial advantage. We should also keep in mind that without a bullish catalyst, we most likely won't see a quick recovery here.

There is even a slight increase in volume compared with the beginning of November, hinting at the possibility that bears still have enough strength to pull the price down. The moving averages could come together closer to the next support, which might become the basis for a faster price surge. However, this is not guaranteed at this point.

Overall, Cardano has been in a downtrend since 2025, so the local spikes we could see from July to October shouldn't be taken as a guaranteed sign that the asset is recovering. Even though the price previously broke above the 200-day moving average, that wasn't enough to keep the recovery going.

Cardano might eventually move above it again and go further, but that is not guaranteed either.