Weak Crypto Market Drags Down NEAR, Stellar, Chainlink, and Cardano

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Amid a broadly weak cryptocurrency market, NEAR, Stellar, Chainlink, and Cardano have faced sustained downward pressure. Despite attempts at short-term recoveries, these assets have struggled to establish lasting momentum. Analysts note that the ongoing selling pressure mirrors broader market trends, with clear buy signals needed for a robust rebound.

Limited Recovery Signals for NEAR and Stellar

NEAR Protocol, a blockchain network offering scalable application infrastructure for developers, is currently trading at $3.385, having dipped below its short-term moving average. The analysis suggests that without approaching the $3 region’s 200-Day Exponential Moving Average (EMA) area, a swift recovery remains unlikely.

The primary scenario for NEAR focuses on testing the 200 EMA zone, but an oversold condition alone does not guarantee a rapid rebound.

The May breach of a long-term average could potentially serve as future support for NEAR. However, recent losses of shorter-term supports have diminished upward momentum. Although trading volumes have declined, a medium-term recovery is not entirely out of the question.

Stellar has fallen to $0.14, breaking below a region previously attracting significant buying interest. With the Relative Strength Index (RSI) maintaining its weak outlook, a clear market catalyst appears necessary for any meaningful recovery, especially as moving averages reflect sustained downward pressure.

Critical Levels for Chainlink and Cardano

Chainlink, a decentralized oracle network bridging blockchain and off-chain data, has slid below the crucial $10 mark to $9.89. The inability to maintain this level has underscored market weakness, with $8.20 identified as the next significant support level, followed by the $7 region.

Most of the gains Chainlink achieved since June are now at risk, requiring a return of sustained buying interest for a quick rebound.

The analysis notes similar patterns across Stellar, Chainlink, and other major crypto assets, where short-lived rises meet new waves of selling. Specifically for Chainlink, converging moving averages could heighten volatility, intensifying downward pressure if sellers maintain control.

Cardano mirrors these challenges with a weakening outlook. ADA has fallen below the support around $0.20 and is now testing the $0.17 region. The break below the mid-point of the June to October recovery highlights constrained buyer strength.

Despite this, overall downward trading volume suggests that the descent lacks endless momentum. However, expectations for a swift recovery remain dim without a strong market catalyst. A slight uptick in volume compared to early November further indicates that sellers have yet to fully withdraw.

The analysis underscores that since 2025, Cardano’s main trend has been bearish, indicating that the local rallies between July and October cannot be seen as signs of a complete recovery. Even a temporary rise above the 200-day moving average was insufficient to sustain an upward trajectory.