Near extends losing streak amid selling pressure holding price under key resistance

Traders Union
All News
Crypto
Near drops 7.57% to $2.02 today

Highlights

NEAR/USD remains under strong short- and medium-term selling pressure, indicating a dominant bearish trend.
Bearish momentum is reinforced by oversold readings and high intraday volatility, suggesting sellers are currently in control.
Price is expected to trade between $1.843 and $2.1025 over the next few days, with continued downside favored unless support fails or resistance breaks.

Downside momentum persists as resistance and oversold signals align

On the H1 timeframe, NEAR/USD remains below the MA-20 at $2.09 and MA-50 at $2.14, confirming prevailing short- and medium-term resistance. The price continues to hold above the daily MA-200 at $1.53, with the Ichimoku Kijun line near $2.10 acting as immediate resistance overhead. Momentum indicators reinforce the downside, with RSI at 32.45 and MACD showing Sell conditions, while Bull/Bear Power (BBP) also confirms dominant seller control. Stoch RSI and Commodity Channel Index (CCI) are both in Oversold territory, suggesting sellers may be near exhaustion. The Average Directional Index (ADX) remains Neutral, offering no confirmation of trend strength, while the Awesome Oscillator supports the downward move. High session volatility is reflected by the sharp intraday decline, and price currently trades in the middle of today's range.

Limited rebound prospects as downside risk remains dominant

In the short term, NEAR/USD is likely to fluctuate between $1.84 and $2.10, with typical volatility for the asset. The probability of an upside breakout appears minimal given sustained momentum signals, while the scenario for further declines remains elevated. A return to bullish action would require a decisive move above $2.10, whereas a drop below $1.84 would open risk for additional losses in the days ahead.

Viktoras Karapetjanc, expert at Traders Union, views NEAR’s short-term structure as weak, with the price trading below key moving averages and negative momentum signals dominating. He notes that lack of news leaves technicals as the main driver, with sellers controlling the market and only modest support above MA-200. The analyst highlights that oversold signals are present, but resistance at $2.10 remains decisive for any shift in direction. "If NEAR manages to reclaim $2.10, I expect bullish sentiment to rebuild quickly, but for now, downside risk remains my base case."

Previously it was reported that downside risks remained elevated for NEAR with technical signals keeping the near-term outlook cautious. The latest data reinforce this bias, and traders should closely monitor for a decisive move above $2.10 or a sustained break below $1.84 to gauge the next directional shift.

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.