- Bullish NEAR price prediction is $8.35 to $13.21.
- NEAR Protocol (NEAR) price might also reach $25 soon.
- NEAR bearish market price prediction for 2022 is $2.43.
In NEAR Protocol (NEAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about NEAR to analyze the future movement of the cryptocurrency.
NEAR Protocol (NEAR) Current Market Status
According to CoinGecko, the price of NEAR Protocol (NEAR) is $3.37 with a 24-hour trading volume of $271,163,368 at the time of writing. However, NEAR has increased by nearly 1.6% in the last 24 hours.
Moreover, NEAR Protocol (NEAR) has a circulating supply of 717,120,059 NEAR. Currently, NEAR Protocol (NEAR) trades in cryptocurrency exchanges such as Binance, WhiteBIT, Bitrue, Huobi Global, DigiFinex, FMFW.io, KuCoin, AEX, OKX, and HitBTC.
What is NEAR Protocol (NEAR)?
NEAR is the native cryptocurrency of the NEAR Protocol. It was launched in 2020. NEAR Protocol is a layer-1 proof-of-stake (PoS) blockchain that operates with a novel consensus mechanism, Nightshade. This mechanism allocates the transactions of each block to “physical chunks” that are encrypted onto the shard chains.
NEAR protocol serves as a decentralized development platform for decentralized apps (dApps) and enhances their scalability. NEAR grants users the governance rights in the blockchain through its native DAO. Secondly, validators stake NEAR tokens to participate in block validation and thereby secure the blockchain. Thirdly, it serves as the transaction fees on the network. Furthermore, NEAR tokens are given as staking rewards to the users.
NEAR Protocol (NEAR) Price Prediction 2022
NEAR Protocol (NEAR) holds the 26th position on CoinGecko right now. NEAR price prediction 2022 is explained below with a daily time frame.
The above chart of NEAR Protocol (NEAR) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, NEAR Protocol (NEAR) is in the range of $3.3. If the pattern continues, the price of NEAR might reach the resistance levels of $5.279, $6.662, $9.679, and $13.212. If the trend reverses, then the price of NEAR may fall to $3.283 and $1.925.
NEAR Protocol (NEAR) Support and Resistance Levels
The chart below shows the support and resistance levels of NEAR Protocol (NEAR).
From the above daily time frame, it is clear the following are the resistance and support levels of NEAR.
| Resistance Level 1 | $8.35 |
| Resistance Level 2 | $13.21 |
| Support Level 1 | $5.28 |
| Support Level 2 | $3.55 |
| Support Level 3 | $2.43 |
The charts show that NEAR Protocol (NEAR) has performed a bullish trend over the past month. If this trend continues, NEAR might run along with the bulls overtaking its resistance level at $13.21.
Accordingly, if the investors turn against the crypto, the price of NEAR Protocol (NEAR) might plummet to almost $2.43, a bearish signal.
NEAR Protocol (NEAR) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of NEAR Protocol (NEAR) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NEAR lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of NEAR Protocol (NEAR) is shown in the chart above. Notably, the NEAR Protocol (NEAR) price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, NEAR is in a bearish state. Therefore, there is a possibility of a reversal trend of NEAR at any time.
Meanwhile, the relative strength index (RSI) of the NEAR is 27.99. This means that NEAR Protocol (NEAR) is in an oversold state. However, this means a major price reversal of NEAR may occur in the upcoming days. So, traders need to trade carefully.
NEAR Protocol (NEAR) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of NEAR Protocol (NEAR). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of NEAR Protocol (NEAR) . Currently, the ADX of NEAR lies in the range of 36.89, so it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of the NEAR Protocol (NEAR). RVI measures the constant deviation of price changes over a period of time. The RVI of NEAR lies below 50, indicating low volatility. In fact, the RSI of the NEAR Protocol (NEAR) is at 27.99, thus confirming a potential buy signal.
Comparison of NEAR with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and NEAR Protocol (NEAR).
From the above chart, we can interpret the price changes of BTC, ETH, and NEAR are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and NEAR would increase or decrease respectively.
NEAR Protocol (NEAR) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, NEAR Protocol (NEAR) might probably attain $32 by 2023.
NEAR Protocol (NEAR) Price Prediction 2024
With several upgrades in the network, NEAR Protocol (NEAR) might enter a bullish trajectory. If the coin grabs the attention of major investors, NEAR might rally to hit $40 by 2024.
NEAR Protocol (NEAR) Price Prediction 2025
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, NEAR would rally to hit $48.
NEAR Protocol (NEAR) Price Prediction 2026
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, NEAR would rally to hit $55.
NEAR Protocol (NEAR) Price Prediction 2027
If NEAR Protocol (NEAR) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, NEAR would rally to hit $62.
NEAR Protocol (NEAR) Price Prediction 2028
If NEAR Protocol (NEAR) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, NEAR would hit $71 in 2028.
NEAR Protocol (NEAR) Price Prediction 2029
If investors flock in and continue to place their bets on NEAR Protocol (NEAR), it would witness major spikes. NEAR might hit $78 by 2029.
NEAR Protocol (NEAR) Price Prediction 2030
With greater advancements in the NEAR Protocol, the crypto community might continue to invest in NEAR for the next 8 years and drive significant price rallies for the token. Hence, NEAR Protocol (NEAR) might hit $85 by 2030.
Conclusion
With continuous improvements in the network, we can say that 2022 is a good year for NEAR. For this reason, the bullish price prediction of NEAR Protocol (NEAR) in 2022 is $13.21. On the other hand, the bearish price prediction of NEAR Protocol (NEAR) price prediction for 2022 is $2.43.
Furthermore, with the advancements and upgrades to the NEAR Protocol ecosystem, the performance of NEAR would help to reach above its current all-time high (ATH) of $20.44 very soon. But, it might also reach $25 if the investors believe that NEAR is a good investment in 2022.
FAQ
NEAR is the native cryptocurrency of the NEAR Protocol, a decentralized dApps development platform. The token Near Protocol (NEAR) was launched in 2020.
NEAR Protocol (NEAR) has been listed on many crypto exchanges which include Binance, WhiteBIT, Bitrue, Huobi Global, DigiFinex, FMFW.io, KuCoin, AEX, OKX, and HitBTC.
With the ongoing developments and upgrades within the platform, NEAR has a high possibility of reaching its ATH soon.
On January 16, 2022, NEAR Protocol (NEAR) reached its new all-time high (ATH) of $20.44.
NEAR Protocol (NEAR) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of the NEAR Protocol in the past few months, NEAR is considered a good investment in 2022.
NEAR Protocol (NEAR) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues the NEAR Protocol (NEAR) will hit $25 soon.
NEAR Protocol (NEAR) price is expected to reach $32 by 2023.
NEAR Protocol (NEAR) price is expected to reach $40 by 2024.
NEAR Protocol (NEAR) price is expected to reach $48 by 2025.
NEAR Protocol (NEAR) price is expected to reach $55 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/near-protocol-near-price-prediction