NEAR Protocol is Predicted to Reach $6.26 By Oct 07, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• NEAR Protocol is down -3.77% today against the US Dollar
• NEAR/BTC decreased by -2.86% today
• NEAR Protocol is currently trading 22.89% below our prediction on Oct 07, 2024
• NEAR Protocol gained 22.56% in the last month and is up 337.00% since 1 year ago

NEAR price is expected to rise by 30.29% in the next 5 days according to our NEAR Protocol price prediction

NEAR Protocol price today is trading at $ 4.83 after losing -3.77% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -7.31% in the same time period. NEAR performed poorly against BTC today and recorded a -2.86% loss against the world’s largest cryptocurrency.

According to our NEAR Protocol price prediction, NEAR is expected to reach a price of $ 6.26 by Oct 07, 2024. This would represent a 30.29% price increase for NEAR in the next 5 days.

NEAR Price Prediction Chart

Buy/Sell NEAR Protocol

What has been going on with NEAR Protocol in the last 30 days

NEAR Protocol has been displaying a positive trend recently, as the coin gained 22.56% in the last 30-days. The medium-term trend for NEAR Protocol has been bullish, with NEAR increasing by 1.22% in the last 3 months. The long-term picture for NEAR Protocol has been positive, as NEAR is currently displaying a 337.00% 1-year price change. On this day last year, NEAR was trading at $ 1.11.

NEAR Protocol reached its all-time high price on Jan 16, 2022, when the price of NEAR peaked at $ 20.42. The current NEAR cycle high is $ 8.97, while the cycle low is at $ 0.972014. NEAR has been displaying high volatility recently – the 1-month volatility of the coin is at 14.26. NEAR Protocol recorded 17 green days in the last 30 days.

NEAR Protocol technical analysis for today – Oct 02, 2024

The sentiment in the NEAR Protocol markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 4.55, $ 4.25 and $ 3.75, while $ 5.35, $ 5.84 and $ 6.15 are the key resistance levels.

Neutral sentiment for NEAR Protocol

20 indicators are currently signaling a bullish prediction for NEAR Protocol, while 11 indicators are showing a bearish forecast. With 65% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for NEAR Protocol.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 42 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

NEAR Protocol moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how NEAR Protocol is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for NEAR Protocol is at 51.62, suggesting that NEAR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of NEAR Protocol over the last 50 days. Currently, NEAR Protocol is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the NEAR closing price for the last 200 days. NEAR is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this NEAR Protocol prediction

After considering the above factors, we can conclude that the current forecast for NEAR Protocol price prediction is Neutral. NEAR would have to increase by 30.29% to hit our $ 6.26 target within the next five days. Moving forward, it will be important to monitor the NEAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term NEAR Protocol price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.