Dominant selling pressure sends NEAR lower into oversold area

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Near slides 7.20% today to $2.165

Highlights

NEAR/USD is under sustained short- and medium-term selling pressure, trading below key moving averages on the H1 chart.
Momentum and oscillator indicators signal an ongoing selloff with oversold conditions, while volatility remains elevated and sellers dominate intraday.
Expected trading range for the next 2–3 days is $2.0342 to $2.2958, with a high probability of further downside unless resistance breaks.

Oversold signals deepen as price holds above long-term support

On the technical front, NEAR/USD is trading below both the MA-20 ($2.2596) and MA-50 ($2.3224) on the H1 timeframe, while remaining above the long-term MA-200 ($1.5251). Nearby resistance levels are marked by the Ichimoku Kijun at $2.2695. Momentum indicators show the MACD on Sell, ADX in a neutral trend, and RSI at 34.429 indicating oversold conditions. Both Stoch RSI and CCI also signal oversold, with BBP on Sell, confirming sustained intraday selling pressure. The Awesome Oscillator remains neutral in the current setup.

Further downside risk grows as upside breakout probability wanes

Over the next 2–3 trading days, NEAR/USD is likely to fluctuate within a typical volatility band between $2.0342 and $2.2958. The probability of an upward move remains very low, while there is a much higher likelihood of a continued decline. Baseline expectations are for the price to remain within this range; a break above Kijun resistance at $2.2695 could trigger short-term upward momentum, while a drop below $2.0342 may signal further downside and renewed selling activity.

Anton Kharitonov, expert at Traders Union, sees NEAR under strong technical selling pressure as it remains below key short- and medium-term moving averages. He notes that major momentum and volatility indicators reinforce a continued downside bias, with limited prospects for a rebound unless resistance at $2.2695 is broken. Kharitonov remains skeptical about any short-term recovery, emphasizing a higher risk of further declines if the $2.0342 support fails. "Until buyers reclaim key resistance, the path of least resistance remains to the downside for NEAR," the expert concludes.

Earlier, analysts noted that NEAR maintained a generally bullish technical structure despite facing periods of heightened volatility and downside pressure. The current breakdown below key moving averages marks a clear shift toward sustained bearish momentum, making the $2.0342 support level critical to watch for potential further declines in the near term.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.