Alvin Lang
Jan 23, 2026 05:48
NEAR Protocol shows oversold conditions at $1.53 with RSI at 40.49. Technical analysis suggests potential recovery to $1.87-$2.10 range as analysts maintain bullish medium-term outlook despite rece…
NEAR Price Prediction Summary
• Short-term target (1 week): $1.65-$1.70
• Medium-term forecast (1 month): $1.87-$2.10 range
• Bullish breakout level: $1.88 (Upper Bollinger Band)
• Critical support: $1.46-$1.50
What Crypto Analysts Are Saying About NEAR Protocol
Recent analyst coverage shows cautious optimism for NEAR Protocol despite current price weakness. Peter Zhang noted on January 21, 2026: “NEAR Protocol shows oversold RSI at $1.50 with potential recovery to $1.87 resistance,” setting a near-term target of $1.87.
Earlier forecasts remain constructive, with Luisa Crawford stating on January 18, 2026: “NEAR Protocol trades at $1.71 with neutral RSI and analyst targets pointing to $2.10-$2.35 range.” This NEAR Protocol forecast aligns with Peter Zhang’s January 16 analysis targeting the same $2.10-$2.35 range.
According to on-chain data from major analytics platforms, NEAR’s current technical setup suggests the token is approaching oversold territory, which historically has presented buying opportunities for patient investors.
NEAR Technical Analysis Breakdown
NEAR Protocol’s current price of $1.53 represents a -1.74% decline over the past 24 hours, with trading confined to a narrow $1.50-$1.56 range. The technical picture reveals several key insights:
RSI Analysis: The 14-period RSI sits at 40.49, placing NEAR in neutral territory but approaching oversold conditions. This suggests selling pressure may be exhausting, potentially setting up a bounce.
Moving Average Structure: NEAR trades below most key moving averages, with the SMA 7 at $1.58, SMA 20 at $1.68, and SMA 50 at $1.63. However, the proximity to these levels suggests potential for a quick reversal if momentum shifts.
MACD Momentum: The MACD histogram shows 0.0000, indicating bearish momentum is stalling. The MACD line at -0.0327 matches the signal line, suggesting we may be near a momentum inflection point.
Bollinger Bands Position: NEAR’s %B position of 0.1131 places it near the lower Bollinger Band at $1.48, with the upper band serving as resistance at $1.88. This positioning typically indicates oversold conditions in trending markets.
NEAR Protocol Price Targets: Bull vs Bear Case
Bullish Scenario
The bull case for this NEAR price prediction centers on technical oversold conditions and analyst targets. Key upside levels include:
- Immediate resistance: $1.56-$1.59 (recent highs and strong resistance)
- Primary target: $1.87 (analyst target and upper Bollinger Band)
- Extended target: $2.10-$2.35 range (multiple analyst consensus)
A bullish breakout would require NEAR to reclaim the $1.59 resistance level with volume, followed by a sustained move above the SMA 20 at $1.68. The Daily ATR of $0.11 suggests moves of this magnitude are well within normal volatility ranges.
Bearish Scenario
Downside risks for NEAR Protocol focus on the breakdown of key support levels:
- Immediate support: $1.50 (24-hour low and psychological level)
- Critical support: $1.46 (strong support level)
- Lower Bollinger Band: $1.48 (technical support)
A breakdown below $1.46 could trigger additional selling pressure, potentially targeting the next major support zone. The bearish momentum indicated by current MACD readings supports this downside risk scenario.
Should You Buy NEAR? Entry Strategy
Based on current technical conditions, a staged entry approach appears prudent for NEAR Protocol:
The current setup offers a favorable risk-reward ratio, with potential upside to analyst targets of $1.87-$2.10 representing 22-37% gains from current levels.
Conclusion
This NEAR price prediction suggests cautious optimism for the token’s near-term prospects. While current technical indicators show neutral to bearish momentum, the oversold RSI conditions and proximity to key support levels indicate potential for a recovery rally. The consensus analyst NEAR Protocol forecast targeting $1.87-$2.10 provides clear upside objectives.
However, investors should remain mindful that cryptocurrency markets remain highly volatile, and this analysis represents technical probability rather than certainty. The critical $1.46-$1.50 support zone will be key to watch, as a breakdown below these levels could invalidate the bullish scenario and lead to further downside.
Disclaimer: This price prediction is based on technical analysis and should not be considered financial advice. Cryptocurrency investments carry significant risk, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before investing.
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Source: https://blockchain.news/news/20260123-near-price-prediction-targets-187-recovery-by-early-february