Near Protocol Price Analysis: NEAR Stays Pressured Below $2.20; Is Rebound on the Horizon?

NEAR Protocol (NEAR/USD) price retreats toward two-month low while staying within two bearish channels, suggesting gradual south-run to refresh yearly low.

NEAR Tech Analysis

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  • NEAR Protocol price fades rebound from two-month low, stuck within two bearish channels.
  • NEAR stays weak below key SMAs, with bearish patterns and momentum signals backing sellers.
  • NEAR/USD bulls must cross 200-day SMA to regain control.

NEAR Protocol (NEAR/USD) fell over 2.0% intraday to around $2.14 during Friday’s European session, continuing Thursday’s pullback while reversing the mid-week bounce from a two-month low.

The pair remains within a four-month descending trend channel and a shorter falling channel formed since May 11. Bearish signals persist: the 14-day Relative Strength Index (RSI) keeps dropping (but isn’t oversold), the Moving Average Convergence Divergence (MACD) shows weakness, and the price stays below both the 100-day and 200-day Simple Moving Averages (SMA) — all adding to downward pressure.

NEAR/USD: Daily chart signals gradual south-run

Source: Tradingview

NEAR remains trapped within a five-week bearish channel and a larger downtrend since mid-February. Repeated failures to rise above the 100-day and 200-day SMAs keep sellers in control.

However, the RSI near oversold levels and recent social buzz helped trigger a small rebound from the four-month low. Despite this, NEAR prices still trade within the short-term bearish range of $1.90 to $2.53, with the 100-day SMA reinforcing the channel’s upper boundary.

On a medium-term scale, NEAR is limited by a broader channel between $1.76 and $3.25, with the 200-day SMA at $3.60 acting as strong resistance for sellers.

Sluggish MACD signals and the RSI near oversold suggest possible bounces off the lower support lines at $1.90 and $1.76, making them critical to watch.

Meanwhile, a clear break above the 200-day SMA ($3.60) could push NEAR toward January’s swing highs near $5.88 and $6.23.

NEAR/USD: Four-Hour chart justifies bearish bias

Source: Tradingview

Like the daily chart, the four-hour chart shows NEAR consistently trading below the 100-bar SMA of near $2.36 and the 200-bar SMA surrounding $2.54, making these levels key resistances during any corrective bounce.

Additionally, a horizontal support zone near $1.93–$1.94, marked during April, acts as another important support level for sellers alongside those noted on the daily chart.

The RSI on the four-hour chart is relatively stronger than on the daily chart, but the MACD signals are more uncertain, indicating short-term consolidation.

Overall, NEAR is likely to stay within the two bearish channels and may retest its yearly low while gradually trending downward.

Disclaimer

All content provided on Times Crypto is for informational purposes only and does not constitute financial or trading advice. Trading and investing involve risk and may result in financial loss. We strongly recommend consulting a licensed financial advisor before making any investment decisions.

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