
Near Protocol (NEAR), Stellar (XLM) ChainLink (LINK) and Cardano (ADA) Price Analysis For November 13: The Market Approaches Overselling
Major cryptocurrencies including Near Protocol (NEAR), Stellar (XLM), ChainLink (LINK), and Cardano (ADA) are experiencing significant price declines as the broader market approaches overselling conditions.
Near Protocol (NEAR) is trading at approximately $3.385 after losing the orange moving average, with a rebound unlikely before reaching the 200 EMA near $3. The asset follows the broader market trend, breaking through support levels without showing recovery signs. The only positive development is the breakthrough of the 200 EMA in May, which might become support in the future, though this hasn't occurred yet.
Volume is currently on a downward trend, leaving potential for medium-term recovery. The RSI is in a weak position and may soon reach oversold territory, which could allow for recovery sooner than expected, though testing the 200 EMA remains the main scenario. The market shows serious pressure, with a bounce from the longer-term average being a positive sign, though confirmation of recovery would require higher highs and sustained buying.
Stellar Under Pressure
Stellar (XLM) has fallen to $0.14, with recovery unlikely until a catalyst emerges in the broader market. The price has followed a similar trend, falling below the range of the previous zone of active buying observed on August 18, 2026, now coinciding with an accumulation point from May 2026.
The moving averages are beginning to diverge, indicating the price will likely continue falling. When the moving averages converge, increased volatility should be expected, which would be more positive for the asset than the current scenario.
ChainLink Faces Free Fall
ChainLink (LINK) is trading around $9.89 after losing the $10 level, with the asset in something of a free fall after breaking below the 200-period moving average. The next support area is around $8.20, with another potential support near $7. Earlier trading ranges exist between the current price and these levels, though a drop toward the lower level would invalidate all gains LINK has seen since June.
Positive factors for LINK are scarce despite the RSI approaching oversold territory. The moving averages are only just converging, which might lead to additional volatility that could weaken the possibility of rapid rebound if sellers remain in control. A recovery requires a market catalyst with higher highs and sustained buying.
Cardano Breaks Support
Cardano (ADA) has broken the $0.20 support and is testing $0.17, with little room for a bounce. The asset has dropped below the halfway point of its recovery from June to October. Despite RSI showing oversold conditions, volume is moving down, which doesn't add strength to the downtrend—a substantial advantage.
There is a slight increase in volume compared to early November, suggesting bears still have strength to pull the price down. The moving averages could converge closer to the next support, potentially creating a basis for faster price surge, though this isn't guaranteed. Cardano has been in a downtrend since 2025, with local spikes from July to October not indicating a guaranteed recovery.