Near Protocol (NEAR/USD) Market Prepares For Bullish Breakout Beyond Consolidation Range Levels
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Near Protocol Price Forecast – July 4
NEARUSD market prepares for bullish breakout beyond consolidation range levels. The NEARUSD daily chart demonstrates an emerging bullish momentum aligned with the confluence of technical indicators.
Price action has recently reclaimed the 9-day Simple Moving Average near $2.170, signaling the first phase of a potential trend reversal after weeks of subdued activity below the descending trendline. The Relative Strength Index hovers around 49.40, approaching the neutral threshold of 50, suggesting strengthening buyer participation as market sentiment shifts from indecision toward accumulation. The backdrop of a prior liquidity void between $3.380 and $3.800 provides an additional incentive for price to gravitate higher as market makers seek to fill untested zones.
NEAR/USD Market Key Levels:
Resistance levels: $3.380, $3.800, $5.290
Support levels: $2.220, $1.500, $1.000
NEAR/USD – Daily Chart
The daily chart for NEAR/USD shows that a bullish breakout is imminent.
NEARUSD has executed a series of higher lows since establishing a swing base around $1.820 in early April. The instrument has breached a descending trendline that previously capped advances for several weeks.
Notably, price has stabilized above the horizontal support near $2.220, converting this zone into a near-term demand level. The consolidation just beneath $2.500 appears to be a classic compression before expansion pattern, in which accumulation phases compress volatility before impulsive directional moves.
What is the next move for NEARUSD?
Looking forward, a sustained close above $2.500 would be expected to catalyze a continuation toward the liquidity void, with intermediate resistance targets at $3.380 and $3.800. Should bullish momentum accelerate, an extended rally could challenge the upper thresholds near $4.700.
Conversely, if price fails to maintain acceptance above $2.220, downside retests toward $2.000 may ensue before buyers reassert control. However, the current technical environment favors an advance, and the bias remains firmly skewed to the upside in the coming weeks.
NEAR/BTC Price Analysis
NEARBTC has failed to sustain above the descending trendline, signaling continued weakness as price remains capped below the 0.00002320 resistance. The 9-day simple moving average near 0.00002010 is acting as dynamic resistance, further confirming sellers’ control over the market structure.
RSI is hovering at 46.08, reflecting lackluster bullish momentum and vulnerability to renewed downside pressure. If bearish continuation unfolds, price is likely to retest the 0.00002000 and potentially 0.00001700 support levels in the near term.
Near Protocol (NEAR) Current Statistics
Current price: $2.220
Market Capitalization: $2,690,000,000
Trading Volume: $174,710,000
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