Near Protocol (NEAR/USD) Market Continues Bearish Momentum With Key Resistance Rejection
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Near Protocol Price Forecast – April 1
NEAR/USD market continues bearish momentum with key resistance rejection. A short-term rally above the current price level is not expected to exceed the $3.250 swing high.
The 9-period SMA is currently at $2.840, acting as dynamic resistance, keeping price below it. The Stochastic Oscillator shows mixed signals, with the %K line at 33.17 and the %D line at 53.58, suggesting a potential bounce but no strong bullish momentum. The price remains under key resistance, reinforcing the dominant bearish trend.
NEAR/USD Market Key Levels:
Resistance levels: $3.250, $4.530, $6.490
Support levels: $2.140, $1.500, $1.000
NEARUSD – Daily Chart
The daily chart for NEARUSD shows the price approaching a critical level in the premium zone.
NEARUSD has broken structure multiple times, confirming a downtrend. A Break of Structure (BOS) is set to occur at $2.140, signaling continued bearish pressure.
The price is currently below $3.250 resistance, suggesting a liquidity grab before another downward move. The rejection at this resistance level strengthens the likelihood of further downside.
What is the next move for NEARUSD?
If selling pressure continues, the next target is $1.500, aligning with previous demand levels. A break below $1.500 could expose $1.000, a major psychological level where buyers might attempt to regain control. Any upside movement remains limited unless price decisively breaks above $3.250 with strong volume.
NEAR/BTC Price Analysis
NEAR/BTC Price AnalysisNEARBTC is trading below the 9-period SMA (0.00003320 BTC), indicating continued bearish momentum. The price has broken multiple structures, with a Break of Structure (BOS) confirming the downtrend.
The Stochastic Oscillator is at 36.35 and 54.62, suggesting weak bullish momentum and room for further downside. A breakdown below 0.00002970 BTC could drive the price toward the 0.00002500 BTC support level, with potential for deeper lows at 0.00001700 BTC.
Near Protocol (NEAR) Current Statistics
Current price: $2.690
Market Capitalization: $3,210,000,000
Trading Volume: $158,120,000
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