Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today.

Near Protocol (NEAR)

Near protocol (NEAR) dropped to its lowest level in over one year, as the token extended recent declines.

NEAR/USD fell to a low of $1.50 on Monday, slipping for a sixth straight session in the process.

This drop in price has seen NEAR move to its weakest point since July 20 last year, and it has since settled on its floor of $1.50.

Algorand (ALGO)

Algorand (ALGO) was another notable mover to start the week, with prices dropping by over 11% in today’s session.

Following a high of $0.2855 over the weekend, ALGO/USD moved to an intraday low of $0.2452 on Monday.

The move saw the token fall below a key support point of $0.25, as bears seem to be pushing price to a floor of $0.24.