Crypto markets just gave us a real Black Friday. The entire market slumped by more than 6%, echoing a risk-off mood as Bitcoin suddenly lost 7% in a single session. This big drop did not spare any top altcoins, forcing panic liquidations and dragging tokens like Near Protocol , Toncoin , and Sui to major support levels.
For traders like me, these rare price dislocations make the best times to reassess. So, are these oversold gems worth grabbing, or should we brace for another leg down? Let’s break down each chart, see what clues the volume and RSI provide, and put a timeline on fresh targets.
NEAR Protocol:
NEAR Protocol price dropped to $1.95, plunging 17% in one day and nearly 19% from last week’s levels. The $2.20 support broke sharply, unleashing cascading sell orders as NEAR’s 30-day correlation with Bitcoin hit 0.92. This means any sharp move by Bitcoin now multiplies the pain for NEAR holders.
The bright spot? Daily volumes hold up at $474 million, up slightly despite carnage, signaling bears and bargain hunters are battling at these lows. The RSI sits near 30, deep in oversold territory. While the $1.73 yearly low stands as the last strong defense. If Bitcoin price slides again, NEAR’s next move could drag it toward this floor or even $1.50.
Flip side, if the overall crypto mood improves, oversold bounces can rocket NEAR back toward $2.23, with a full recovery to $2.55 possible by early Q1 2026. For now, patience is key, wait for a strong reversal on rising volume before jumping in.
Toncoin:
Toncoin price fell to $1.50, slumping nearly 13% in 24 hours, and more than 23% over the week. Whales control 68% of TON, so their moves amplify both upswings and selloffs. The breach below $1.73 triggered a chain reaction: technical sellers rushed to exit, while major holders booked millions in paper losses, spooking retail traders.
Add to that a recent Cloudflare outage, and TON’s image as a stable ecosystem faced a dent. Still, the 24-hour volume surged 58%, hinting at big positioning ongoing. Technically, if the TON price cracks $1.42 support next, we could see a quick flush toward $1.20 before any meaningful rally. On an upside scenario, a push back above $1.73 flags a trend reversal, and fast chasers could see $2 revisited by late Q1 2026 if buyers return and sentiment reverses.
Sui:
Sui shares the same dismal backdrop, by dropping to $1.40 for a 14.25% daily loss and 23% weekly wipeout. The forced liquidations after the $1.71 breakdown, plus a red-hot Fear & Greed Index at 11, tell you this is pure panic. The chart shows key support at $1.30, with oversold RSI down to 26, and volume up 39%, meaning distressed traders may be selling to stronger hands.
Sui’s own adoption story triggers mixed feelings: steady development and volume, but lingering dilution worries persist. If bottom-fishers step up, fast relief rallies can carry SUI price to the $1.54–$1.74 resistance as early as January, but another market drop could trigger a quick retest of the $1.20–$1.30 range. Sizing positions and using stop-losses could turn out to be the best strategy in wild zones like this.
FAQs
Yes, big price drops sometimes create rare opportunities, but always use risk management.
NEAR sees support near $1.73 and $1.50, TON at $1.42 and $1.20, SUI at $1.30 and $1.20.
Relief rallies could appear in weeks, but bigger recoveries may stretch into early 2026.
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