NEARJPY - Dropped 24.26% Over the Past 24 Hours as Market Volatility Increases
- NEARJPY plunged 24.26% in 24 hours on Oct 23, 2025, despite a 70.4% 7-day gain. - The pair fell 1555.44% in 30 days and 5742.75% annually, showing extreme volatility. - Technical analysis highlights oversold RSI and diverging moving averages, with no clear recovery pattern. - A backtest on 10%+ drops stalled due to data symbol mismatches, hindering post-crisis behavior analysis.
On October 23, 2025, NEARJPY saw a steep drop of 24.26% within a single day, ending at $329.9. Although this sharp decline occurred in the short term, the pair has actually climbed 70.4% over the past week. Still, this recent gain pales in comparison to the massive 1555.44% loss over the last month and the even more dramatic 5742.75% fall throughout the past year. These figures highlight the pair’s ongoing extreme volatility across different timeframes.
This recent price action fits into a broader trend of rapid corrections that follow brief rallies. Market observers point out that, while the surge over the past week indicates some renewed buying, the overall outlook remains negative. This aligns with the long-term trend, which shows a substantial loss in value during the past year. The sharp 24-hour drop has sparked doubts about whether the recent bullish momentum can last, and whether traders are cashing out due to uncertainty or to secure profits.
Technical analysis of NEARJPY’s latest movements shows little evidence of a stable trend. Short-term signals, such as the 20-period moving average, are currently diverging from the price, which could point to a shift in momentum. The RSI has fallen into oversold levels, but historically, this has not reliably led to rebounds for this pair, as it often undergoes extended declines without clear signs of recovery.
Backtest Hypothesis
Attempts to run an event-driven backtest—targeting days when NEARJPY fell by 10% or more—have been hindered by difficulties in obtaining precise price data for the pair. The problem seems to be related to inconsistencies between the ticker symbol used and the formats supported by data providers. For instance, NEARJPY may not be recognized on certain platforms, while using alternatives like “NEAR/JPY” or exchange-specific codes such as “NEARUSDT” on Binance might provide the necessary data.
To move forward with the backtest, it is essential to confirm both the correct symbol and the data provider. Once these are established, the analysis can be carried out for the period from 2022-01-01 to 2025-10-23. This would enable a review of how the pair has typically behaved after daily drops of 10% or more, potentially shedding light on its recovery patterns following sharp declines. However, without accurate data, the backtest cannot proceed, making it difficult to assess the pair’s ability to rebound after significant shocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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