NEAR Protocol steadies near $3.03, after bullish momentum cools post-upgrade

Traders Union
All News
Crypto
NEAR Protocol Slips 0.72% Today

Highlights

NEAR Protocol trades at $3.031, down 0.72% on the day, but remains above its MA-20, MA-50, and MA-200, signaling sustained bullish momentum.
A successful major network upgrade and hard fork on September 23, 2025, lifted NEAR 1.5%, reinforcing investor confidence as robust fundamentals and strong activity underpin sentiment.
For the upcoming week, NEAR is expected to consolidate between $2.9050 and $2.9850, with less than a 20% chance of a sustained breakout above $3.05.

Investor optimism rises after upgrade amid competitive landscape

NEAR surged 1.5% following the completion of a successful major network upgrade and hard fork on September 23, 2025, reinforcing investor confidence in the protocol’s technical maturity and ongoing development. Strong underlying fundamentals, including high monthly active accounts and robust transaction counts, continue to support positive market sentiment and stimulate speculative interest. Broader adoption, integration milestones, and increased competition from projects like BlockDAG further shape expectations for the asset.

Mixed momentum limits conviction as technical barriers emerge

The price configuration indicates robust support from key moving averages, with dynamic support visible near the Ichimoku Kijun at $2.8105 and immediate resistance around the MA-50 and the psychological $3.05 level. Momentum is mixed: the daily MACD is bullish, but the ADX signals waning strength and a sell-bias, and RSI and Stochastic RSI approach overbought territory while showing recent relief from oversold conditions. CCI and Bull/Bear Power indicators suggest a neutral-to-mild buyer edge, without decisive trend conviction. Price action shows buyers are recovering intraday weakness, volatility is moderate, and oscillators remain divergent, highlighting indecision.

Sideways range likely with low breakout risk in near term

For the coming week, NEAR is likely to trade in a sideways range between $2.9050 and $2.9850. With only limited bullish signals across indicators, the probability of a sustained upward breakout is low — less than 20%. The base case is continued consolidation within the established corridor. If $3.05 is breached, upside targets include $3.10 and higher, while a breakdown below $2.9050 may trigger a move toward the $2.85–$2.80 region.

Anton Kharitonov, expert at Traders Union, sees NEAR Protocol’s technical setup as broadly positive above key moving averages, with market sentiment buoyed by a recent network upgrade. However, he notes that indicators paint a mixed picture — momentum is fading and oscillators suggest indecision, pointing toward consolidation rather than a clear trend. Kharitonov remains cautious, expecting rangebound movement between $2.9050 and $2.9850 unless a break above $3.05 sparks further upside. "Base case is continued sideways trading, and I stay neutral on NEAR unless bulls decisively clear the $3.05 resistance," he comments.

Previously it was noted that NEAR Protocol attracted increased institutional attention and demand in its ecosystem as the project surpassed key product milestones. Last time we reported that there was a very low probability of a price increase, with a decrease being the more likely scenario based on technical indicators.

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.