Near Protocol (NEAR/USD) Market Shows Strength As Bulls Reclaim Control Of Momentum
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Near Protocol Price Forecast – August 22
Near Protocol (NEARUSD) shows strength as bulls reclaim control of momentum. The technical indicators are pointing toward a bullish bias on NEARUSD. The price is trading above the 9-day SMA at $2.620, showing short-term strength. The Stochastic Oscillator has turned upward from the oversold zone with the %K line crossing above the %D line, suggesting renewed buying pressure. This combination of Moving Average support and Oscillator recovery signals that momentum is shifting in favor of the bulls.
NEAR/USD Market Key Levels:
Resistance levels: $3.060, $3.380, $4.410
Support levels: $2.220, $1.500, $1.000
NEAR/USD – Daily Chart
The daily chart for NEAR/USD shows an impending breakout as price bounces off bullish order block.
NEARUSD recently bounced from the $2.390–$2.220 support zone after testing a swing low around $2.390. The sharp rejection from this level, coupled with the presence of a fair value gap (FVG) that has now been filled, reinforces the idea of strong demand at lower levels. The market structure remains intact as the higher low formation confirms buyers are defending key zones while preparing for a potential leg upward toward resistance.
What is the next move for NEARUSD?
Looking ahead, the immediate bullish target sits around $3.060, with a break above paving the way for $3.370–$3.380. A sustained close above this zone could further open the path to the $4.410 level in the medium term. On the downside, $2.620 remains a key dynamic support, and as long as price holds above this level, the bias remains upward. Buyers are expected to maintain control and extend the bullish rally toward higher resistance levels.
NEAR Sets Stage for Fresh Uptrend with Elliott Wave Signals
In this video update, the presenter analyzes the recent price movements and technical structure of Near Protocol (NEAR) using Elliott Wave Theory, focusing primarily on the short-term bullish outlook despite recent downward corrections. The analysis identifies a potential five-wave impulsive structure that suggests the market may have found a significant low around $1.8, marking the start of a new uptrend. The presenter explains key Elliott Wave principles—such as no overlap between waves 2 and 4 and wave 3 not being the shortest—and applies these to NEAR’s price charts on various time frames (five-minute, 15-minute, and higher). The video emphasizes that while certainty is impossible, the dominant scenario points to a bullish continuation following a corrective phase.
Near Protocol (NEAR) Current Statistics
Current price: $3.340
Market Capitalization: $3,430,000,000
Trading Volume: $321,700,000
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