NEAR reminded users of its AI-related background. Price analysis showed lower relative strength and the formation of a bearish divergence. Artificial intelligence (AI) is undoubtedly the biggest trend in 2023. So much that investors are now interested in AI-related crypto projects. The NEAR Protocol [NEAR] has jumped onto this hype by reminding the world that […]
NEAR’s development activity was down significantly in the last two weeks, and was cooling off at press time. It previously enjoyed a period of strong development since early January 2023.But a drop in development activity is not the only slowdown observed. NEAR’s price volatility also slowed down significantly since the last week of January to a new monthly low at press time. Things do not look that much different as far as investor sentiment is concerned.
NEAR’s Binance funding rate has remained unchanged for the last few days until press time. This suggested that investor sentiment in the derivatives market remained in uncertain territory. Meanwhile, the weighted sentiment has tanked since the start of the year, confirming that investors have been leaning towards the bearish side.NEAR still gained significantly, especially in the last two days until press time, despite bearish sentiment.
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