The NEAR Price moved in a narrow range throughout the day. It found strong support at around $2.42 and faced resistance at around $2.63. NEAR showed signs of strength after bouncing from the support zone. The token formed an upward channel, followed by a breakout. A Golden Cross on MACD confirmed the bullishness. The RSI was clearly in the overbought zone, showing intense buying pressure. A pullback ensued, and that support was tested again. The MACD issued a new Golden Crossover, lifting the price even higher. The Token holds just below resistance at present. Let’s see if NEAR coins can initiate a heavy upward movement from here.
NEAR Price Analysis of The Last 24 Hours
Before beginning its price movement, NEAR stayed in the trading session at $2.42. A price breakout started at 13:10 UTC and caused the asset value to grow. MACD and RSI strength fueled the breakout. The NEAR coin experienced an upward trend that constructed an upward channel pattern. Several strong indicators of bullish strength emerged through MACD Golden Crosses while NEAR was in motion. The market entered an overbought phase through RSI readings at 17:00 UTC as traders showed intense buying signals.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 29, 2025
Price remained confined to the upward channel until its resistance zone at $2.63 was reached. RSI maintained its high level as both MACD lines kept positions above the zero line. NEAR Price experienced a minor drawdown that remained within the upward channel. At 20:00 UTC, MACD formed a Death Cross, leading to a short-term drop in the price. The RSI reading fell to its minimum point in the lower part of the chart before returning to stable values. NEAR maintained its position around $2.50 before rising back toward new highs.
The development of a Golden Cross sign at 06:00 UTC pushed the price upward. The Return of Selling Index exhibited a positive signal for price recovery when it rose above 50 points. NEAR Token currently trades at $2.59 before hitting the upper boundary of its resistance area. NEAR coin maintains its trading zone between $2.42 and $2.63. MACD and RSI show signs of consolidation.
NEAR Token Trades in Tight Range, Eyes Breakout
The market opened today by lowering the NEAR Price, approaching support levels crossing $2.42. The exchange of NEAR occurred during the 13:10 UTC hour following a MACD signal that indicated a Golden Cross pattern. Price started moving upward within a channel toward the resistance level at $2.63. RSI surpassed its overbought region as buyers reinforced their position. NEAR coin received downward pressure when a MACD Death Cross emerged. A new Golden Cross emerged at 06:00 UTC, which benefited the price recovery. The NEAR Coin price maintains a constrained range while it waits for an upcoming move.
NEAR Price Awaits Clear Breakout for Next Big Move
The price of NEAR trades in a narrow band, confining resistance to $2.63 and support to $2.42. Confirmation for a NEAR breakout above $2.65 would encourage further price action toward $2.85 at the height of the present range. A break below $2.43 may accelerate selling pressure down toward $2.20. If one of these levels does not give, sideways movement is expected for the token. Having mixed signals from MACD and RSI staying near the midline implies indecision on the chart. The NEAR coin has experienced an impressive recovery from the lows and is still gaining momentum. The structure remains bullish as long as it stays above support.
NEAR Price Analysis Of May 1, 2025
NEAR Coin opened the session with a sharp decline, forming a downward channel as bearish pressure dominated early trading. MACD crossovers appeared at 02:00 and 08:30 UTC but failed to reverse the prevailing bearish momentum. NEAR Coin fell steadily, reaching a key support at $2.37 amid persistent selling pressure. The RSI dipped into oversold territory at 07:45 UTC and again at 12:45 UTC, suggesting bearish exhaustion and potential buyer interest.
Following the bounce from $2.37, NEAR Coin entered a sideways consolidation phase, trading between $2.42 and $2.50 starting around 10:00 UTC. The price remained within this range for many hours, as the bearish force was stronger during the session. Moreover, the RSI reflected neutral conditions, suggesting a lack of directional momentum. The MACD showed several crossovers between 14:10 and 20:50 UTC, reflecting indecision and low volatility during the consolidation.
Resistance Finally Surpassed After Consolidation
At 12:10 UTC, NEAR Coin confirmed a breakout, causing the prices to fall, breaking the bearish momentum. Price surged to $2.58 within minutes, driven by improving market sentiment. The previously established trading range acted as a launchpad, and $2.37 acted as support. This NEAR breakout ended the consolidation phase and established a new short-term uptrend. Buyers took control decisively, aligning technical indicators to support further bullish continuation. RSI also reached 75.98, signaling overbought conditions, while the MACD indicator maintained a bullish alignment.
Chart 2- Analysed by Anushri Varshney, published on TradingView, May 1, 2025.
However, the overbought RSI indicates a potential pullback or pause in momentum. If NEAR price fails to break $2.55 cleanly, a minor reversal toward the $2.50–$2.52 zone may follow. If buyers push through $2.60 with bullish momentum, NEAR may head toward $2.68–$2.70 in the next trading range.
NEAR Tests $2.58 Resistance: Pullback or Push to $2.70?
After breaking above the $2.40–$2.50 range, NEAR entered a tight consolidation near the $2.58 resistance. The price action reflects uncertainty as bulls and bears battle for control. While multiple MACD golden crosses signal bullish momentum, earlier bearish crossovers during consolidation suggest ongoing volatility. With the RSI hovering near 69.5, traders should stay cautious as the asset approaches overbought territory. The current consolidation hints at an imminent breakout, with the potential for either a bullish continuation or a bearish reversal. The market participants monitor volume activity and RSI indicators as signs to predict upcoming directional shifts.
NEAR Price Awaits Directional Break Near Resistance
The NEAR price action has captured traders’ attention as it hovers below the $2.60 resistance level. The combination of bullish momentum with rising volume has the potential to reach the $2.68–$2.70 range for bullish traders. This NEAR breakout draws increased interest as market participants weigh the likelihood of a sustained uptrend. The price may retreat to $2.50 or even $2.40 if selling pressure intensifies or a bearish RSI divergence appears. A sustained price rise above $2.58 will create essential evidence for bull market confidence during the short term. Failure to do so will likely see a decline toward the previous support at $2.40. Traders must watch volume confirmation and possible RSI divergence to validate this breakout’s sustainability.
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