NEAR: Selling pressure led to price slipping below all major moving averages

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Near protocol slides 7.00% today

Highlights

NEAR Protocol (NEAR) trades at $2.326, down 7% daily, and remains below the MA-20, MA-50, and MA-200, confirming sustained bearish pressure.
On October 10, 2025, NEAR fell 16% below its 200-day EMA, yet derivatives Open Interest climbed to $395.9 million, indicating resilient trader sentiment.
Technical indicators show oversold conditions with RSI at 33.47 and downside exhaustion likely, while weekly signals suggest a greater than 80% probability of a reversal and further gains.

Open interest climbs despite selloff as traders eye rebound

On October 10, 2025, NEAR saw a sharp retreat of roughly 16% as it slipped below the 200-day EMA, signaling a significant cooldown following its earlier breakout. Despite this, derivatives markets showed resilience, with Open Interest rising to $395.9 million and traders maintaining confidence. Previous sessions had included a rapid surge above $3.10, and some market participants are now monitoring for a potential rebound after the steep correction.

Downside fatigue emerges as oversold signals meet bearish momentum

Technical signals highlight ongoing weakness: NEAR trades beneath the MA-20, MA-50, and MA-200, with the Ichimoku Kijun at $2.446 acting as nearby dynamic resistance and support seen around $2.219 from recent intraday lows. Momentum indicators are mostly subdued, with the daily MACD showing bearish momentum, the ADX at moderate strength, and the RSI at 33.47. Both Stoch RSI and CCI are oversold, suggesting downside exhaustion may be approaching, while Bear Power and the Awesome Oscillator reinforce the current bearish trend.

Reversal odds rise as technicals indicate potential upside range

Looking ahead, the anticipated range for NEAR over the next five days is $2.4910 to $2.7130. Despite prevailing weakness, weekly indicators such as RSI, ADX, MACD, and MA-50 all point to an increased probability of a reversal and further gains, with the chance of continued price increases assessed above 80%. The base case scenario is for NEAR to consolidate sideways between $2.22 and $2.45. A sustained move above $2.446 could trigger bullish momentum, while a dip below $2.22 may signal deeper downside.

Viktoras Karapetjanc, head analyst at Traders Union, notes that despite NEAR’s sharp drop below key moving averages, derivatives market confidence and a high probability of reversal keep the overall outlook constructive. Karapetjanc sees the confluence of oversold conditions and strong sentiment in derivatives markets as potential precursors to a bullish turnaround in the coming days. He believes macro and sentiment dynamics could drive a rebound if $2.22 holds as support. "Short-term weakness may persist, but with resilient trader conviction and oversold signals, I anticipate a rebound toward the $2.49–$2.71 range soon."

Previously it was noted that NEAR Protocol faced soft momentum and sellers continued to dominate intraday action, with technical signals showing uncertainty. The article highlighted a sideways corridor between $2.60 and $2.73 as the expected short-term trading range.

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.