- Bullish NEAR price prediction for 2023 is $1.283 to $1.841.
- NEAR Protocol (NEAR) price might reach $3 soon.
- Bearish NEAR price prediction for 2023 is $0.720.
In this NEAR Protocol (NEAR) price prediction 2023, 2024-2030, we will analyze the price patterns of NEAR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
NEAR PROTOCOL (NEAR) PRICE PREDICTION 2023 |
|
| NEAR PROTOCOL (NEAR) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
NEAR Protocol (NEAR) Current Market Status
| Current Price | $0.9972 | 24 – Hour Price Change | 1.11% Down |
| 24 – Hour Trading Volume | $32,731,006 |
| Market Cap | $983,900,979 |
| Circulating Supply | 986,173,488 NEAR | All – Time High | $20.42 (On Jan 17, 2022) |
| All – Time Low | $0.526 (On Nov 04, 2020) |
(Source: CoinMarketCap)
What is NEAR Protocol (NEAR)
| TICKER | NEAR |
| BLOCKCHAIN | NEAR Protocol |
| CATEGORY | Layer 1 blockchain network |
| LAUNCHED ON | April 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
The NEAR protocol is a decentralized application platform designed for the use of Internet applications. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which is designed to provide scalability and stable rates. Its native token is NEAR.
NEAR Protocol is focused on creating a developer and user-friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dAppas and smart contracts without requiring a wallet at all.
NEAR Protocol 24H Technicals
(Source: TradingView)
NEAR Protocol (NEAR) Price Prediction 2023
NEAR Protocol (NEAR) ranks 43rd on CoinMarketCap in terms of its market capitalization. The overview of the NEAR Protocol price prediction for 2023 is explained below with a daily time frame.
NEAR/USDT Falling Wedge Pattern (Source: TradingView)
In the above chart, NEAR Protocol (NEAR) laid out falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.
At the time of analysis, the price of NEAR Protocol (NEAR) was recorded at $0.9972. If the pattern trend continues, then the price of NEAR might reach the resistance levels of $1.166, and $1.531. If the trend reverses, then the price of NEAR may fall to the support of $0.978.
NEAR Protocol (NEAR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of NEAR Protocol (NEAR) in 2023.
NEAR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of NEAR Protocol (NEAR) for 2023.
| Resistance Level 1 | $1.283 |
| Resistance Level 2 | $1.841 |
| Support Level 1 | $0.977 |
| Support Level 2 | $0.720 |
NEAR Resistance & Support Levels
NEAR Protocol (NEAR) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of NEAR Protocol (NEAR) are shown in the chart below.
NEAR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current NEAR Protocol (NEAR) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.094Price = $0.982 (50MA > Price) | Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 32.323 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Oversold State |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
NEAR Protocol (NEAR) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of NEAR Protocol (NEAR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
NEAR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of NEAR Protocol (NEAR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 31.010 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 38.70 <50 = Low | Low Volatility |
Comparison of NEAR with BTC, ETH
Let us now compare the price movements of NEAR Protocol (NEAR) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs NEAR Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of NEAR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of NEAR also increases or decreases respectively.
NEAR Protocol (NEAR) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of NEAR Protocol (NEAR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| NEAR Protocol (NEAR) Price Prediction 2024 | $3.7 | $0.78 |
| NEAR Protocol (NEAR) Price Prediction 2025 | $4.1 | $0.72 |
| NEAR Protocol (NEAR) Price Prediction 2026 | $4.6 | $0.65 |
| NEAR Protocol (NEAR) Price Prediction 2027 | $5 | $0.6 |
| NEAR Protocol (NEAR) Price Prediction 2028 | $5.3 | $0.57 |
| NEAR Protocol (NEAR) Price Prediction 2029 | $5.9 | $0.55 |
| NEAR Protocol (NEAR) Price Prediction 2030 | $6.5 | $0.52 |
Conclusion
If NEAR Protocol (NEAR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish NEAR Protocol (NEAR) price prediction for 2023 is $1.841. Comparatively, the bearish NEAR Protocol (NEAR) price prediction for 2023 is $0.720.
If there is a positive elevation in the market momentum and investors’ sentiment, then NEAR Protocol (NEAR) might hit $3. Furthermore, with future upgrades and advancements in the NEAR Protocol ecosystem, NEAR might surpass its current all-time high (ATH) of $20.42 and mark its new ATH.
FAQ
1. What is NEAR Protocol (NEAR)?
NEAR is the native cryptocurrency of the NEAR Protocol, a decentralized dApps development platform. The Near Protocol (NEAR) was launched in 2020.
2. Where can you buy NEAR Protocol (NEAR)?
NEAR Protocol (NEAR) has been listed on many crypto exchanges which include Binance, KuCoin, OKX, FMFW.io, Upbit and WhiteBIT.
3. Will NEAR Protocol (NEAR) record a new ATH soon?
With the ongoing developments and upgrades within the NEAR Protocol platform, NEAR Protocol (NEAR) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of NEAR Protocol (NEAR)?
NEAR Protocol (NEAR) hit its current all-time high (ATH) of $20.42 on January 17, 2022.
5. What is the lowest price of NEAR Protocol (NEAR)?
According to CoinMarketCap, NEAR hit its all-time low (ATL) of $0.526 on November 04, 2020.
6. Will NEAR Protocol (NEAR) hit $3?
If NEAR Protocol (NEAR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon.
7. What will be the NEAR Protocol (NEAR) price by 2024?
NEAR Protocol (NEAR) price might reach $3.7 by 2024.
8. What will be the NEAR Protocol (NEAR) price by 2025?
NEAR Protocol (NEAR) price might reach $4.1 by 2025.
9. What will be the NEAR Protocol (NEAR) price by 2026?
NEAR Protocol (NEAR) price might reach $4.6 by 2026.
10. What will be the NEAR Protocol (NEAR) price by 2027?
NEAR Protocol (NEAR) price might reach $5 by 2027.
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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.
Source: https://thenewscrypto.com/near-protocol-near-price-prediction/