📌 Market overview
Current price: $3.27
24h volatility: +12.37%
Highest price of the day: $3.36
Lowest price of the day: $2.89
Market capitalization: Data not available
24h trading volume: Data not available
All-time high (ATH): $20.42 (January 2022)
NEAR Protocol is witnessing strong growth, with prices rising over 12% in the last 24 hours. This momentum is driven by increasing interest from investors and positive news from the market.
📈 Technical analysis
Nearest resistance: $3.50
Strong support: $2.90
RSI (4H): Near 70 – overbought zone
MACD: Heading towards a bullish crossover
50-day SMA: Expected to reach $3.00 by May 15, 2025
200-day SMA: Expected to reach $2.80 by May 15, 2025
The 4-hour chart shows NEAR in a strong upward trend, with technical indicators supporting this rise. However, the high RSI suggests caution regarding potential short-term corrections.
📊 Trading strategy
Scenario 1 – Open Long position
Reason for entry: The price surpasses the resistance level of $3.00 with strong trading volume, confirming an upward trend.
Entry zone: $3.00 – $3.10
Stop-loss (SL): $2.85 (Below nearest support)
Take-profit 1 (TP1): $3.50
Take-profit 2 (TP2): $3.80
Success probability: 75% (Based on technical signals and strong inflow)
Scenario 2 – Open Short position
Reason for entry: The price cannot maintain above $3.50 and shows signs of a downward reversal.
Entry zone: $3.50 – $3.60
Stop-loss (SL): $3.70 (Above nearest resistance)
Take-profit 1 (TP1): $3.20
Take-profit 2 (TP2): $3.00
Success probability: 65% (Based on the potential correction after strong upward momentum)
Note: The market is in a state of euphoria; tight risk management is needed, and technical signals should be closely monitored.
📰 Trending news
Bitwise files for NEAR ETF: Investment firm Bitwise has officially filed with the SEC to launch a spot ETF based on the NEAR Protocol, marking a significant step towards bringing NEAR into traditional financial markets.
NEAR price forecast 2025: Experts predict NEAR could reach $5.18 by the end of 2025, with strong growth potential if the ecosystem continues to expand.
🔗 NEAR trading