NEAR Market Outlook — Professional Trader Summary
NEAR Protocol is trading around $1.86, recovering 3.33% in the last 24 hours after finding short-term support at $1.80. Despite the intraday bounce, broader sentiment remains bearish, with key technical indicators — including SMA and EMA across most timeframes — signaling sustained downside pressure. The F&G Index at 19 (Extreme Fear) and an RSI hovering near 35 reflect weak momentum and a cautious market tone.
The daily chart shows elevated volatility as Bollinger Bands widen, while resistance has shifted toward $3.05. On the 4-hour chart, narrowing bands suggest an upcoming volatility squeeze, often preceding a decisive breakout. However, the latest red candle indicates sellers remain dominant in the short term.
From a macro perspective, NEAR has experienced a prolonged drawdown but maintains strong long-term fundamentals. Price forecasts project $4.38 in 2025, $8.99 by 2028, and potentially $20+ by 2031, driven by ecosystem expansion and institutional interest.
In the near term, bulls must reclaim $1.91 to confirm a continuation of the recovery. Failure to do so risks a revisit of the $1.80 support zone. Traders should anticipate a period of compression before volatility returns, watching for volume confirmation before entering new positions.
