NEAR Protocol Surges 5.7% Intraday but Pulls Back; ZKP's Hardware Support Gains Attention
- NEAR Price Movement: Following the U.S. market open, NEAR Protocol surged 5.7% to $1.73 but pulled back to the $1.68 to $1.70 range due to selling pressure, indicating insufficient short-term buying strength and limited market confidence.
- Volume Analysis: NEAR's trading volume was approximately 47% higher than the 30-day average, with about 6.41 million NEAR changing hands, reflecting a bounce rather than sustained buying, suggesting the market remains in a consolidation phase.
- Technical Resistance: NEAR faces repeated rejection at the $1.73 to $1.74 resistance levels, with primary support at $1.66 to $1.67; without a clear close above $1.74, the market will continue to treat it as a range-bound asset lacking trending behavior.
- ZKP Hardware Support: Zero Knowledge Proof (ZKP) is gaining attention for its hardware-backed crypto design, emphasizing real infrastructure and verified computation, prompting investors to be more cautious in selecting the best crypto assets, reflecting a focus on long-term value.
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Technical Analysis for NEAR
Technical Sentiment Analysis for NEAR Protocol (NEAR) As of , NEAR Protocol (NEAR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NEAR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, NEAR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
NEAR Protocol (NEAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.32 | 0.58 | 0.861 | 1.121 | 1.402 | 1.662 | 1.943 |
| Fibonacci | 0.58 | 0.787 | 0.915 | 1.121 | 1.328 | 1.456 | 1.662 |
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