Near Protocol (NEAR/USD) Market Shows Strong Bearish Sentiment Below Key Resistance Levels

Near Protocol Price Forecast – March 25

Near Protocol market shows a strong bearish sentiment below key resistance levels. The bearish trend will likely continue as the price bounces off the falling trendline.

The technical indicators on the NEARUSD chart reinforce the bearish outlook. The 9-day Simple Moving Average (SMA) is positioned at $2.650, acting as dynamic resistance and maintaining pressure on the price. Additionally, the Relative Strength Index (RSI) is at 45.50, which is below the neutral 50 level, signaling weakening buying momentum. The RSI’s downward trajectory, along with its position under the signal line (39.91), further indicates that sellers are currently in control of the market.

NEAR/USD Market Key Levels:

Resistance levels: $4.530, $6.490, $8.250
Support levels: $2.700, $2.450, $1.500

NEARUSD – Daily Chart

The daily chart for NEAR/USD shows that the bears are still in control of the market.

NEARUSD remains below the descending trendline, confirming a consistent series of lower highs and lower lows. A break of structure (BOS) occurred below $3.070, reinforcing the bearish continuation. The price is struggling to reclaim the $3.070 resistance level, while key support levels are found at $2.700 and $2.450.

Failure to break above this descending trendline increases the likelihood of further declines. The rejection at $3.070 highlights strong selling interest, while consolidation below this point suggests a buildup for a potential breakdown.

What is the next move for NEARUSD?

If the bearish pressure continues, NEARUSD is likely to test lower support zones. Immediate support lies at $2.450, and a breach of this level could push the price toward $2.390. A more aggressive decline could see NEARUSD targeting the $1.500 level if sellers maintain control.

Any bullish reversal would require a break and close above $3.070 to invalidate the current bearish structure, with further resistance at $4.410 and $4.530. Until then, the market structure suggests further downside movement.

NEAR/BTC Price Analysis

NEARBTC remains in a bearish trend, trading below key resistance at 0.00003840 BTC. The 9-day Simple Moving Average (SMA) at 0.00003160 BTC is acting as dynamic resistance, capping upward movements.

Multiple Break of Structure (BOS) points and lower highs indicate continued weakness. If bearish pressure persists, the next major support target is 0.00001700 BTC.

Near Protocol (NEAR) Current Statistics
Current price: $2.720
Market Capitalization: $3,300,000,000
Trading Volume: $108,580,000