- Near Protocol crypto price has dropped by 37% in a month.
- NEAR price rose by 145% in December.
Near Protocol (NEAR) crypto price has been in a strong bullish trend as the price has jumped by 370% in the last 3 months. However, the trend was disturbed at the $4.50 hurdle and since then has turned negative.
Near Protocol price registered a 52-week high of $4.60 on December 26, 2023, then, the sellers dragged down the price and some investors preferred to book profit. NEAR coin price has slipped below the 20-Day moving average which indicates bearish momentum (short-term).
Near Protocol crypto price is trading at $2.88 with an intraday loss of 4.22%. The market capitalization is $2.89 Billion and the 24-hour trading volume is $144.44 Million. In terms of market cap, NEAR ranks 29th and according to trading volume, it ranks 46th in the cryptocurrency market (press time).
The circulating supply of Near Protocol is 1,004,666,471 NEAR and the fully diluted market capitalization is $2,883,766,000. The maximum supply and the total supply of Near Protocol coins is 1,000,000,000 NEAR.
Will Near Protocol Crypto Price Defend the $2 Mark?
After a strong bullish trend, the Near Protocol price chart has witnessed selling pressure. Currently, the NEAR price is falling, registering small pullbacks and is trading between 20-Day EMA and 200-Day EMA.
NEAR price has declined by 13% in the last 3 days and if the sellers remain strong, the price may melt to the 200-Day moving average soon. The 200-Day moving average may work as a strong support level because last time the price consolidated for some time and performed positively after the breakout.
If the NEAR crypto price takes support on the $2 mark and buyers lift the price over the $2.50 level, then a jump in buying momentum can be expected. On the other hand, if Near coin price fails to defend the 200-Day moving average, sellers may dominate, which may result in strong selling pressure.
RSI is at 40 which has declined from the overbought zone, indicating the sellers’ grip. A bearish crossover has been generated in the MACD, signaling negative sentiment.
Near Protocol Price Prediction FAQs
What is the Near Protocol price prediction today?
The Near Protocol crypto price may fall 5.15% and hit the $2.83 mark by today.
What is the NEAR price prediction tomorrow?
According to our analysis, the Near coin price could drop 8.56% to $2.74 by tomorrow.
What is the Near Protocol price prediction for this week?
Based on our technical analysis, the NEAR price may approach a 200-Day moving average if sellers remain strong.
What is the current NEAR price prediction sentiment?
The current Near Protocol price prediction sentiment is bearish according to our technical analysis.
Summary
Near Protocol price has been in a strong bullish trend but a negative impact has been seen for the last few weeks. The NEAR coin price is trading far over the 200-Day EMA which indicates the buyers are still active and the price will remain bullish over the significant moving average.
Technical Levels
Resistance: $3.60 & $4.50
Support: $2.20 & $1.40
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.