Are you considering investing in NEAR Protocol and looking for a detailed price analysis to make a confident decision? Then, this NEAR price analysis is for you. The NEAR Protocol has shown significant volatility in recent weeks, but prices have steadily maintained an upward trajectory, signaling growing investor confidence and sustained bullish interest despite short-term fluctuations. Let’s look into the past 24 hours of price action, highlight key technical signals, and dive into a well-informed NEAR Price Prediction to understand better where the coin might be headed.
NEAR Price Analysis of April 23, 2025
The NEAR price on a 5-minute chart on April 23 began with a consolidated trading range between $2.15 and $2.235, holding this sideways trend until around 11:00 UTC. This sideways price action highlighted indecision in the market, and with RSI values hovering neutrally around the 50 level and mixed MACD signals fluctuating between mild bullish and bearish momentum, we know there is confusion. Nevertheless, there are multiple instances of RSI not only slipping into oversold conditions but also some dips into oversold conditions of late, which all indicate that an accumulation phase is set in motion for an eventual trend shift.
Chart 1, Analyzed by Alokkp0608, published on April 23rd, 2025.
After NEAR broke free from its tight range around 11:30 UTC, it slid smoothly into a rising channel above the $2.20 support level, kicking off a gentle uptrend. From noon to mid-afternoon, the price climbed steadily, gliding past $2.30 as it bounced off the channel’s lower trendline. During this stretch, the RSI sat comfortably between 60 and 70, hinting at growing bullish momentum without tipping into overbought extremes. At the same time, a few golden MACD crosses popped up, underscoring that buyers were in the driver’s seat even when minor pullbacks briefly tested support.
After 15:00 UTC, NEAR’s ascent picked up pace. The coin paused just above $2.35 before setting its sights on the $2.455 resistance zone. Higher highs and higher lows became the norm, with RSI lingering in the 65–75 band for extended periods, evidence that bulls still had energy to burn. Every so often, a MACD death cross appeared during quick consolidation phases, but without any follow-through, it was clear sellers couldn’t gain traction. All told, the price stuck faithfully to its upward channel, signaling a solid, healthy trend with little sign of running out of steam.
NEAR Price Prediction: What’s Next for NEAR Protocol?
At 07:45 UTC on April 23, NEAR price broke out above the $2.455 resistance level, briefly reaching a high near $2.51. Since then, the coin has entered a sideways consolidation just above the former resistance, now acting as support. RSI has relaxed toward neutral territory around 53, reflecting a cooldown in momentum, while MACD lines have narrowed, hinting at declining volatility. This consolidation could act as a base for a fresh NEAR breakout toward $2.55 or trigger a pullback toward $2.43, where near-term support likely lies. Bulls should watch for renewed MACD expansion and RSI above 60 to confirm further upside.
NEAR Gathers Strength as Bulls Eye the Next Move
The NEAR breakout above the $2.455 resistance was a strong show of bullish momentum, but the current sideways movement suggests the market is catching its breath. With the RSI cooling off and MACD signals narrowing, this pause might be a healthy reset before the next leg up. NEAR could push toward the $2.55 mark or even higher if momentum picks back up. But if buyers don’t step in soon, a dip back to the $2.43–$2.41 support zone isn’t off the table. The overall trend still looks positive, so it’s worth watching how the indicators react in the subsequent few sessions, especially if RSI climbs again and MACD begins to widen in the bulls’ favor.
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