NEAR weekly forecast: price holds near lows — technicals flash sustained seller pressure

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NEAR drops 1.50% over the week

Highlights

NEAR declined 1.50% over the week, falling from $1.7280 to a low of $1.6570 and closing near the bottom of its range.
Technical indicators including MA-20, MA-50, MA-200, MACD, and Awesome Oscillator show sustained bearish momentum with resistance at $2.3735 and support near $1.6570.
For the next week, NEAR is expected to trade between $1.67 and $1.74, with less than 20% probability of a breakout above $1.74.

Persistent bearish momentum as weekly indicators stay weak and oversold

On the W1 chart, NEAR faces dynamic resistance at the Ichimoku Kijun level of $2.3735, while immediate support is defined by the recent weekly low at $1.6570. Weekly momentum indicators remain weak: the MACD signals a persistent downtrend, the ADX is low indicating lackluster directional strength, and the Awesome Oscillator confirms bearish momentum. RSI and CCI are mildly oversold, suggesting some potential for stabilization, yet the Stoch RSI remains neutral and the BBP highlights sustained bearish dominance. Overall, the technical outlook is one of ongoing seller pressure with only limited signs of a potential base forming.

Sideways range expected next week as downside risk dominates outlook

Looking ahead to the next five to seven trading days, NEAR is expected to remain in a sideways range between $1.67 and $1.74, consistent with its current volatility and technical posture. The probability of a meaningful price increase is low — less than 20% — and the path of least resistance remains to the downside. A break above $1.74 could open the door to a rebound toward $1.84, but this is not supported by current W1 indicators. Conversely, a move below $1.67 could accelerate losses to the $1.65 level, making caution warranted for the near term.

Anton Kharitonov, expert at Traders Union, notes that NEAR ended the week at $1.701 after a steady decline, remaining well below all key weekly moving averages. He observes that bearish momentum persists, with technical indicators such as MACD, ADX, and the Awesome Oscillator confirming sustained seller pressure. Mild oversold readings on RSI and CCI suggest a short pause could emerge, but there is no clear signal of a rebound this week. Resistance remains at the $2.3735 Ichimoku Kijun level, while weekly support is just above $1.6570. Kharitonov believes NEAR will likely stay in a narrow range between $1.67 and $1.74, with little prospect for a bullish reversal. "As long as price holds below $1.74, I remain cautious and see further downside as the dominant risk this week."

Last time we reported that NEAR was rebounding above its short-term moving average but continued to face medium- and long-term resistance. Momentum indicators and oscillators suggested ongoing consolidation as technicals showed a volatile, range-bound pattern between support and resistance.

Source of Data: NEAR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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