Near price prediction: Can $1.96 support hold as NEAR slips 7.38%?

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Near drops 7.38% to $2.09 today

Highlights

NEAR/USD faces strong short- and medium-term selling pressure, with price action decisively below key moving averages.
Bearish technical momentum persists, with most oscillators indicating downside strength and volatility remaining elevated after a 7.38% drop.
Over the next 2–3 days, NEAR/USD is expected to trade between $1.9671 and $2.2229, with a high probability of further declines.

Momentum sells intensify as resistance and oscillators signal downside

On the hourly chart, NEAR/USD is trading below the MA-20 at $2.17 and MA-50 at $2.21. The price remains above the longer-term MA-200 at $1.52. Immediate resistance is noted at the Ichimoku Kijun level of $2.19. Momentum indicators show MACD signaling Sell, ADX as Neutral, and AO also Neutral. RSI stands at 37.86, indicating a Sell signal, while the Commodity Channel Index shows the asset as Oversold. Stoch RSI is Neutral, and the Bull/Bear Power (BBP) signals seller dominance in the intraday session. Volatility remains high and the bulk of oscillators confirm continued downside pressure, although several oscillators indicate the move may be somewhat extended.

Downside risk holds as upward probability remains muted

In the short term, NEAR is expected to trade within a volatility band of $1.96 to $2.22 over the next two to three sessions. The probability of an upward move is considered very low, while a downward move retains high likelihood. If the price breaches resistance at $2.19, a bullish scenario may develop; conversely, a fall below the $1.96 level would open the way for further declines.

Viktoras Karapetjanc, expert at Traders Union, sees NEAR under heavy short-term pressure but notes that the longer-term trend remains intact. The analyst observes that intraday sentiment is negative, with oscillators confirming seller control and no supportive news flow to offset the decline. Despite the prevailing downside momentum, Karapetjanc believes a decisive breach of $2.19 could quickly shift sentiment. "If NEAR maintains support above $1.96, I expect buyers to reemerge once the downward move is exhausted and volatility begins to drop."

Earlier, analysts noted that NEAR was entering a neutral phase as technical signals diverged on its next directional move. The current price action confirms increased downside risk in the short term, with renewed focus on whether NEAR can defend support near $1.96 or faces accelerated selling pressure if this level breaks.

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.