24/7 Cryptocurrency News

NEAR Price Prediction: 20 EMA Reinforce NEAR Buyers to Break $17.7

Published by
NEAR Price Prediction: 20 EMA Reinforce NEAR Buyers to Break $17.7

The failed attempts of NEAR price to breach the $17.7 resistance triggered a minor pullback to the $15 mark. This psychological level aligned with 20-day EMA dynamic support provided a dip opportunity for long traders, and surged the altcoin by 10%. If buyers overcome the negative influence of the RSI indicator, the coin price would reclaim the $17.7 mark.

Advertisement

Key points: 

  • The RSI slope displays negative divergence in the daily time frame chart
  • The 20-day EMA gives pullback to support to NEAR price
  • The intraday trading volume in the NEAR is $1.09 Billion, indicating a 36% hike.

Source- Tradingview

The NEAR/USDT pair gradually rises under the influence of the rounding bottom pattern. The recovery rally reached the $17.7 mark, its highest level in the past 11 weeks. However, the buyers struggle to overcome this resistance, indicating a strong supply region ahead.

Last weekend, the crypto market witnessed a significant sell-off which triggered a minor correction in NEAR price. The 15% retracement hit the rising 20-day EMA and stalled the sellers at $15 psychological support.

As a result, the NEAR price rebounded from the 20 EMA support with a morning star candle and continued its charge to All-Time High resistance at $20.6.

Furthermore, the rounding bottom pattern would encourage buyers to breach the ATH resistance($20.6).

Advertisement

Technical indicator

The rising 20-day EMA provides dynamic support to the NEAR rally. Until this support EMA is intact, the traders’ can maintain a strong bullish sentiment. 

However, the RSI slope displays a lower low formation in contrast to trending price action. This bearish divergence indicates weakness to the bullish rally, which could trigger a longer price correction.

  • Resistance levels- $17.5, $20.65
  • Support levels- $13.3 and $10
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?

The ASTER price has slipped by 2.37% over the past 24 hours, while the HYPE…

October 7, 2025
  • Price Analysis

Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone

Ethereum price could be on the verge of a strong bullish breakout in the coming…

October 7, 2025
  • Price Analysis

Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?

The Cardano price continues to attract growing attention as anticipation builds ahead of the SEC’s…

October 7, 2025
  • Price Analysis

Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition

Following a 3.57% daily rise, Solana price has regained upward traction amid renewed institutional interest…

October 7, 2025
  • Price Analysis

Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?

The Ethereum price continues to attract significant attention after reclaiming a crucial resistance level, reinforcing…

October 6, 2025
  • Price Analysis

Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX

The Pi Network price has been left behind in the ongoing crypto market bull run.…

October 6, 2025