NEAR's recent trend has given bears some opportunities. From a technical perspective, the price has been oscillating between 1.56 and 1.59, failing to break through the key resistance at 1.62. The daily chart's 50-day, 100-day, and 200-day moving averages are all pressing down from above, indicating that the overall medium to long-term pattern remains bearish. In the short term, the 1-hour K-line has already shown a bearish divergence between price and MACD, suggesting that the bullish momentum is waning and the rebound lacks sustainability.

Market sentiment also appears weak. Although 24-hour trading activity remains active, the tug-of-war between bulls and bears is intense. Large holders do not show a clear bullish bias; instead, during previous rebounds, there has been increasing selling pressure, signaling clear resistance.

From a trading perspective, a light short position can be attempted around the current price of 1.57. Set the stop-loss at 1.63 (if there is a valid breakout above 1.62 with increased volume, the bearish logic would be invalidated). The initial target is 1.49, a previous strong support level. If broken, the target can extend down to 1.47. The overall approach is to focus on short-term pullback speculation, avoid rushing into short positions, build positions gradually, and prioritize risk control.