NEAR continues its downtrend, remaining below MA-20, MA-50, and MA-200 amid limited rebound potential

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Near slips 0.92% this week

Highlights

NEAR is trading well below its MA-20 ($1.3114), MA-50 ($1.5095), and MA-200 ($2.1780), indicating sustained bearish trends across all timeframes.
Key technical resistance is the Ichimoku Kijun at $1.3595, while immediate support is in the $1.02–$1.03 range, with a bearish bias prevailing.
All major daily and weekly indicators, including MACD, ADX, and RSI (28.19), signal 'Sell' with a less than 20% probability of a short-term price increase.

Bearish technical signals persist as NEAR sustains oversold conditions

On the weekly chart, NEAR continues to face strong downward pressure, trading below the MA-20, MA-50, and MA-200 levels. The nearest dynamic resistance is defined by the Ichimoku Kijun at $1.3595, with primary support resting in the $1.02–$1.03 zone. Weekly momentum remains negative, reinforced by oversold readings on RSI (28.19) and CCI, while Stochastic RSI remains neutral, suggesting only a modest risk of short-lived rallies.

Further declines likely this week as volatility and support levels converge

For the upcoming week, NEAR is expected to trade between $1.01 and $1.09, in line with continued volatility and established support and resistance bands. Technical indicators point to a high likelihood of further declines, with a chance of a short-term bounce limited to less than 20%. Sustained downside momentum is the baseline scenario, while a move above $1.36 would be needed to support a bullish reversal. Conversely, a break below $1.01 could trigger an extension of the current downtrend.

Viktoras Karapetjanc, Traders Union expert, sees NEAR’s persistent weakness this week as an opportunity for tactical repositioning. He notes that the asset stays under key moving averages, yet strong support at $1.02–$1.03 combined with oversold signals could entice value-seeking buyers. Karapetjanc believes that while momentum remains negative, market setups are forming for a potential rebound should dynamic resistance near $1.36 be challenged. The expert views the coming week’s projected range of $1.01–$1.09 as offering strategic entry points and prefers to focus on positive macro sentiment and resilient order flow. "If NEAR holds above $1.01 and sentiment shifts, we could see the start of a stronger recovery — the market is offering setups that reward patient bulls this week."

Previously it was reported that NEAR is trading well below its key moving averages, facing persistent bearish momentum with negative signals from MACD and subdued ADX, while RSI and CCI indicate oversold conditions. Immediate resistance is set near the Ichimoku Kijun, with limited support above the current level, and price action is expected to remain sideways in a volatile $1.00–$1.15 range unless a breakout occurs.

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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