Key takeaways:
NEAR price prediction shows it will surpass $10 by the end of 2024.
By 2027, NEAR is expected to rise to a new high of $20, driven by mainstream adoption.
Looking ahead to 2030, NEAR Protocol could witness a significant surge, with its price potentially reaching $34 or beyond.
Overall, the prevailing sentiment within NEAR Protocol’s community is one of cautious optimism, with stakeholders closely monitoring its progress and evolution. As NEAR continues to advance its technology and forge strategic partnerships, questions surrounding its price potential persist, inviting further analysis and exploration of its future prospects.
Overview
CryptocurrencyNEAR ProtocolTickerNEARPrice$5.49Market Cap$6,377,405,827Trading Volume 24-h$408,896,941Circulating Supply1,161,032,317 NEAR All-time High$20.42 Jan 17, 2022All-time Low$0.526, Nov 04, 202024-h High$5.7524-h Low$5.41
NEAR Protocol price prediction: Technical analysis
Volatility-1.60%Sentiment Bearish50-Day SMA $164.81200-Day SMA $150.91Price Prediction$307.83 (110.84%)F & G Index 50.42 (greed)Green Days 14/30 (47%)14-Day RSI 23.44
NEAR Protocol price analysis
TL;DR Breakdown
NEAR Protocol price analysis shows a rapid rise to the $5.30 mark.
The NEAR coin has risen by over 3.50% at the time of writing.
NEAR Protocol prices have sought support and resistance at $5.20 and $5.50, respectively.
Near Protocol price analysis for October 7 shows that the price has risen above the $5.50 mark. The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Players like SUI and APT recorded a 15.56 and a 5.13 percent incline, respectively.
NEAR Protocol price analysis 1-day chart: NEAR returns to $5.20 after bouncing at $4.50
The 24-hour NEAR/USD price chart indicated an upwards trend in the market as prices moved toward the $6.50 level. However, the bulls found support at $4.50 and the price returned to the $5.20 mark. Now the price has hiked to $5.25 as bulls charge at the $5.50 mark again.
NEAR PROTOCOL (NEAR) price rises to $5.25 as bulls hold strong
The Indicators reflect the decreasing bullish price sentiment as all three major technical indicators signal rising bullish price sentiments. The MACD is bearish at -0.037 units but suggests rising bullish momentum. Moreover, the EMAs are above the mean position, and the indicator shows a sharp momentum turn from bullish to bearish. The RSI also shares this sentiment as the indicator fell to 50 from near the 70.00 index level before rising back to 59.09. The diverging Bollinger Bands suggest increasing volatility, indicating that the $5.50 resistance may not hold for the weekend.
NEAR price analysis 4-hour chart
The 4-hour price chart of NEAR shows a sudden spike in NEAR price as the asset broke past $5.00. The price movement was followed by a short return to $5.20 before crossing back above the $5.25 mark. However, the bulls could not maintain the level and returned to the $5.20 mark.
NEAR PROTOCOL (NEAR) price falls to $5.375 as bull stumble
The RSI is at 64.84, suggesting that the asset is at the center of the neutral zone, which indicates that the bears have room for more downward movement in the short term. However, the upward slope suggests increasing buying pressure on the asset, suggesting further gains for the asset. The MACD is bearish, with the MACD line at 0.063 showing slight bearish dominance across the 4-hour charts, which has been increasing in recent candles. These indicators collectively issue an increasing bearish trend that suggests a fall to $5.20.
NEAR Protocol technical indicators: Levels and actions
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 4.45BUYSMA 5$ 4.55BUYSMA 10$ 4.92BUYSMA 21$ 4.93BUYSMA 50$ 4.50BUYSMA 100$ 4.75BUYSMA 200$ 5.21SELL
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$ 4.71BUYEMA 5$ 4.54BUYEMA 10$ 4.36BUYEMA 21$ 4.36BUYEMA 50$ 4.75BUYEMA 100$ 5.19BUYEMA 200$ 5.12BUY
What to expect from NEAR Protocol price analysis?
4-hour price chart by Tradingview
NEAR ended its bearish rally at the $3.25 mark, as this level provided key support to the asset and has been tested many times. The strong trade volume suggests increasing activity, indicating a robust force behind the recent fall. As such, the price rose rapidly to the $5.30 mark before stumbling back down to the $5.20 mark again.
Traders should expect NEAR to continue its bullish rally as the bulls chase the $6.00 mark. Currently, the closest support level is $5.00 and below at $4.50, while NEAR Protocol faces difficulty establishing a foothold above the $5.50 level.
Is Near Protocol a good investment?
NEAR Protocol distinguishes itself in the cryptocurrency market, emphasizing scalability, usability, and developer-friendliness. It aims to facilitate the creation of decentralized applications (dApps) and smart contracts, catering to developers and end-users. NEAR’s innovative technology and user-centric approach make it attractive for mainstream adoption of blockchain applications.
With a focus on user experience and developer tools, NEAR Protocol is positioned to drive significant growth in the decentralized application ecosystem. Its potential to disrupt traditional industries and capture market share in the blockchain space makes it an intriguing investment opportunity for those interested in innovative technology solutions.
Why is NEAR up?
NEAR price rose rapidly after falling to the $4.50 support as the bulls crushed bearish resistances till $5.30 where they find resistance at press time.
Will NEAR recover?
NEAR price is expected to recover swiftly as investors buy the dip on many major altcoins across the crypto market. However, the bulls need to weather the current bearish pressure so a recovery should be expected my mid-June at the earliest.
Will NEAR reach $10?
NEAR is experiencing a volatile market movement that may see it reach the $10 mark before the year closes.
Will NEAR reach $20?
NEAR is expected to cross the $20 threshold by 2027 as the industry continues to see increasing adoption across the mainstream. The bullish rally will be supported by NEAR’s vision of a scalable future and user and developer-friendly architecture that sets it apart from other blockchains.
Will NEAR reach $50?
The chance of NEAR reaching the $50 mark depends on various circumstances, such as future network development, market regulations, and the broader cryptocurrency market growth. If NEAR continues its current trajectory, it can reach $50 in the next decade.
Does NEAR have a good long term future?
Yes, NEAR has a good long-term future due to its innovative technology, focus on scalability and strong ecosystem development. However, the project needs to keep up with sector developments to maintain its edge in the digital ecosystem.
Recent news/opinions on Near Protocol
It was announced that the Tofu Marketplace is coming to the NEAR ecosystem expanding access.
NEAR price prediction October 2024
MonthMinimum Price ($)Average Price ($)Maximum Price ($)October4.244.896.82
NEAR protocol price forecast for October 2024 is expected to trade at a minimum price of $4.24, with an average of $4.89, and a maximum price of $6.82.
NEAR price prediction 2024
YearMinimum Price ($)Average Price ($)Maximum Price ($)20244.379.7410.76
At the beginning of 2024, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Experts expect that NEAR might reach a maximum price of $10.76, an average price of $9.74, and a minimum price of $4.37.
NEAR price prediction 2025-2030
Year ($)Minimum Price ($)Average Price ($)Maximum Price ($)202510.511.9812.44202614.3617.0117.8202718.8121.0521.96202818.8121.0521.96202923.2124.625.9820303334.8136.18
NEAR Price Prediction 2025
The forecast for 2025 suggests a continuation of price rise with a minimum value of $10.50, an average price of $11.98, and a maximum value of nearly $12.44.
NEAR Price Prediction 2026
Technical analysis and projections for 2026 anticipate the minimum price to be around $14.36, with an average trading price of $17.01, and a maximum value of nearly $17.80 by the end of 2026.
NEAR Price Prediction 2027
In 2027, NEAR price prediction estimates NEAR Protocol’s price to be trading at a minimum price of $18.81, with an average price of $21.05, and a maximum price value nearly reaching $21.96 by the end of 2027.
NEAR Price Prediction 2028
The NEAR Protocol price prediction for 2028 suggests the bullish sentiment will continue with a minimum price of $18.81, an average trading price of nearly $21.05, and a maximum value of $21.96 by the end of 2028.
NEAR Price Prediction 2029
In 2029, NEAR protocol price prediction forecasts NEAR could trade at a minimum of $23.21, an average price of nearly $24.60, and a maximum value of $25.98 by the end of 2029.
NEAR Price Prediction 2030
The NEAR Protocol forecast for 2030 suggests a sustained bullish sentiment with a minimum value of $33.00, an average trading price of nearly $34.81, and a maximum value of $36.18.
NEAR market price prediction: Analysts’ NEAR price forecast
Firm20242025Coincodex$23.79$34.28DigitalCoinPrice$9.30$11.44
Cryptopolitan’s NEAR Protocol (NEAR) price prediction
Cryptopolitan’s predictions show that NEAR will achieve a high of $10.76 in the second half of 2024. In 2025, it will range between $10.50 and $12.44, with an average of $11.98. In 2030, it will range between $33.00 and $36.18, with an average of $34.81. Note that the predictions are not investment advice. Seek independent professional consultation or do your research.
NEAR Protocol historic price sentiment
The Near Protocol (NEAR) began its journey in August 2020, aiming to create a scalable and permissionless blockchain. The first recorded trade value in October 2020 was $1.072, closing the year at $1.459 after a recovery.
In 2021, NEAR showed an uptrend, starting at $1.305 and reaching an all-time high (ATH) of $7.572 by March 13. A market downturn pushed the price down to $1.537 by July 19, but it rebounded to $11.776 on September 9 and further to $13.168 on October 26.
By 2022, NEAR’s price crashed to below $2.00, losing over 90% of its peak value. Throughout 2023, NEAR saw low volatility, with prices remaining below $2.50 for most of the year.
Since the start of 2024, NEAR experienced a strong recovery, climbing to $7.80. However, after reaching the $8.00 mark in mid-May, it fell back to $5.60. In June, NEAR traded between $4.48 and $7.66. It rose from $5.20 to $6.04 in July but closed the month below $5.00. NEAR started August at $5.00, declining to $3.89 by the end of the month.
In September 2024, the asset bounced back and closed the month above the $5.20 mark. In October, the price stumbled and fell to the $4.850 in the first few days.
This articles is written by : Fady Askharoun Samy Askharoun
All Rights Reserved to Amznusa www.amznusa.com
Why Amznusa?
AMZNUSA is a dynamic website that focuses on three primary categories: Technology, e-commerce and cryptocurrency news. It provides users with the latest updates and insights into online retail trends and the rapidly evolving world of digital currencies, helping visitors stay informed about both markets.
