NEAR Protocol Price Analysis: Will NEAR Surge to hit $3.24

  • First support level for NEAR Protocol is at $2.80.
  • NEAR Protocol’s EMA(10) shows a downward trend.
  • NEAR price flashes signs of bullishness on 7-days price chart.
  • Current NEAR Protocol Price is 1.95 dollars

02 December 2023 : In this article we will walk you through NEAR Protocol price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for NEAR Protocol, Is NEAR a good investment? NEAR Protocol support & resistance levels etc. But before diving deep into the NEAR technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,453,850,944,222. The total trading volume stands at $48,236,245,537. Bitcoin shares 52.08 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $38,717.08 level after an upward movement of 1.86%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.06 percent reaching to $2,091.46 during the previous 24 hours.
While publishing this blog, BNB traded at $229.13, following a price change of 0.1% within the same time frame. XRP the native coin of XRP is up by 0.2 and currently trading at $0.61. Additionally, Solana reached $60.89 after seeing a uplift of 0.41% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

NEAR Protocol Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of NEAR Protocol (NEAR)

NEAR Resistance Levels NEAR Support Levels
Resistance Level 1 $3.24 Support Level 1 $2.80
Resistance Level 2 $3.45 Support Level 2 $2.56
Resistance Level 3 $3.69 Support Level 3 $2.35

NEAR Protocol Performance

According to PriceAnalysis Market Index, NEAR Protocol (NEAR) is trading at $1.95 with a trading volume of $99,576,724.00. However,NEAR has seen a price increase of 3.6% in the last 24 hours.NEAR price changes 2.44% over the week with a total market capitalization of $1,955,606,022.00 USD.

NEAR Protocol Price Analysis

NEAR price analysis for 02 December 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the NEAR Protocol.

Moving Averages Price Indicator
Simple Moving Average (10) 3.12 Sell
Exponential Moving Average (10) 3.11 Sell
Simple Moving Average (20) 3.34 Sell
Exponential Moving Average (20) 3.32 Sell
Simple Moving Average (50) 3.85 Sell
Exponential Moving Average (50) 3.82 Sell

The MACD line is standing below of the signal line after a crossover. NEAR Protocol investors need to wait for any directional change over the daily chart. The NEAR Protocol has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take NEAR price below the crucial support level of $2.80. The relative Strength Index (RSI) indicates that the NEAR coin is in oversold phase, as RSI is at 23. While NEAR’s Williams %R indicator is at -70.211 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.


The NEAR Protocol market is shown signs of being optimistic, and buyers have the potential to drive prices of the cryptocurrency higher in the next few days. The price of NEAR is expected to break above its resistance level of $3.24. On the other hand, if NEAR Protocol broke out from the bullish pattern and led its way toward support level of $2.80.