The cryptocurrency market has been experiencing a downturn, and NEAR Coin is one of the hardest hit. Despite being part of the Sam Coins group, NEAR Coin has failed to gain traction, even after the FTX collapse. The coin's price has plummeted by 30% in the past 30 days, and further declines are likely due to weak demand and network activity.

The NEAR Protocol, which was once hailed as a promising project, is now struggling to stay afloat. The number of daily active addresses on the network has dropped by 20% since June 14, and the number of completed transactions has also decreased significantly. This decline in network activity has resulted in a 38% drop in network revenues, making it increasingly difficult for NEAR Coin to stay viable.

The MACD indicator, which is used by investors to predict price trends, is giving a bearish signal for NEAR Coin. This suggests that short-term momentum is weaker than long-term momentum, indicating a potential decline in price. Historically, investors tend to sell until the MACD line crosses above the signal line and the zero line, which could lead to further price drops for NEAR Coin.

In terms of price predictions, NEAR Coin may fall below $5 if the current trend continues. However, if buyers return to the market, the coin may reclaim $5.45. It's important to note that the cryptocurrency market is highly volatile, and investors should conduct thorough research before making any investment decisions.

In conclusion, NEAR Coin is facing significant challenges due to weak demand and network activity. While the coin's price may continue to drop, it's important to keep in mind that the cryptocurrency market is highly unpredictable, and prices can fluctuate rapidly. Investors should exercise caution and conduct thorough research before making any investment decisions.