NEAR Technical Analysis Jan 29

NEAR is stabilizing at the $1.47 level with high intraday volatility potential. Key support $1.4634 and resistance $1.4900 should be monitored; the 24-48 hour outlook shows a cautiously bearish bias.

Short-Term Market Outlook

NEAR Protocol (NEAR) is trading at $1.47 on January 29, 2026, experiencing a -0.94% decline over the last 24 hours. The daily range is squeezed between $1.46-$1.50, with volume remaining at a moderate $102.58M level. The short-term trend gives a clear downtrend signal; price is positioned below EMA20 ($1.48) and the Supertrend indicator is producing a bearish signal, pointing to $1.57 resistance.

In a multi-timeframe (MTF) context, a total of 16 strong levels were identified across 1D/3D/1W timeframes: 3 supports/4 resistances on 1D, 2 supports/1 resistance on 3D, and 4 supports/4 resistances balance on 1W. This depicts a market open to short-term volatility. RSI at 45.86 is in the neutral zone, but while the MACD histogram has positive bars, overall momentum is weak. There are no significant news developments, so technical levels will be in focus. For active traders, focus on quick invalidation points in the 24-48 hour horizon: $1.4900 on upside breakout, $1.4634 on downside.

Intraday Critical Levels

Nearby Support Zones

Current support zones: $1.4634 (score: 72/100) – Strongest intraday support; a break here could bring quick selling pressure. Second level $1.4697 (score: 60/100) could act as a pivot point. Below these levels, $1.46 lows could be tested; wait for a close below $1.4634 for invalidation. For scalping, monitor the $1.4634-$1.4697 bounce zone, but be cautious on low-volume tests.

Nearby Resistance Zones

Current resistances: $1.4900 (score: 70/100) – Critical intraday resistance; a breakout could trigger upside momentum. Upper level $1.5117 (score: 68/100), aligned with Supertrend resistance. Volume increase is required for tests above $1.50; otherwise, rejection probability is high. For short-term swing traders, a close above $1.4900 opens the door to quick targets.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI at 45.86 is not near oversold, with neutral pressure. MACD shows positive histogram but is below the signal line, carrying bearish divergence risk. Supertrend is bearish and price is below EMA20; speed analysis shows slowdown signals on 1H/4H. With declining volume ($102M), stay alert for sudden spikes. Momentum indicators point to a $1.4634 test within 24 hours, but a MACD crossover could create an upside reversal opportunity. Risk management: Limit position size to 1-2% risk, set stop-losses based on level invalidation.

Short-Term Scenarios

Upside Scenario

Bullish scenario trigger: Clear breakout above $1.4900 with close (with volume increase). In this case, first target $1.5117, then short-term upside to $1.6524 (score:48). Momentum increase strengthens MACD, EMA20 can be crossed. Invalidation: Drop below $1.4634. This scenario is supported by BTC stabilization; 15-30 min retests are ideal for scalping.

Downside Scenario

Bearish scenario trigger: Close below $1.4634, with volume breakout. Immediately $1.46 lows, then downside target $1.2771 (score:22). Supertrend bearish alignment strengthens, RSI decline accelerates. Invalidation: Recovery above $1.4900. Quick short opportunities for short-term traders, but dependent on BTC dump.

Bitcoin Correlation

BTC at $88,578 level with -0.82% decline in downtrend, Supertrend bearish. Main BTC supports $88,626 / $87,423 / $86,075; resistances $88,944 / $90,722. BTC dominance increase crushes altcoins, a BTC break of $88,626 brings extra selling pressure for NEAR. Conversely, BTC stability above $88,944 supports NEAR upside. Monitor NEAR/BTC pair short-term; BTC decline pushes NEAR to $1.4634. Altcoin traders should prioritize BTC levels.

Daily Summary and Monitoring Points

Watch today: 1. $1.4634 support test (main risk). 2. $1.4900 resistance reaction. 3. Volume spikes and BTC movements. 4. RSI drop below 40 or MACD crossover. Short-term trades are high risk; do not neglect capital management, always use stop-loss. For detailed spot trades, check NEAR Spot Analysis, for futures NEAR Futures Analysis. Expect volatility in 24-48 hours, be patient.