NEAR Price Prediction: Bearish RSI Divergence Hints Price Correction Towards $13.90
NEAR price trades lower as the fresh trading week begins. The price opened higher but failed to hold the sentiment as retraced lower. However, in the late U.S session, the price moved above $15.0 after a brief stint near $14.66.
- NEAR price continues to slide inside a short-term trading range.
- A daily close below $14.50 will set the base for a new directional setup.
- The bearish RSI divergence skewed in favor of the bears.
NEAR price recovers from day’s lows
On the daily chart, the NEAR price is trading in a short-term trading range of $14 and $18 with little deviations in between since April 4. Earlier the price surged nearly 160% from the lows made in February at $7.36. However, the bulls lack the conviction to carry forward the gains further.
Currently, the price hovers near the crucial support-turned resistance zone around $15.70.
The bearish RSI divergence since April 4 suggests the price could break $15.70 amid intense selling momentum. If that is the case, the first downside challenge would appear for investors at the 50-day EMA (Exponential Moving Average) at $13.94.
A break of the mentioned level will trigger a fresh round of selling in the asset.
On the contrary, in an optimistic case, the NEAR price could extend the run-up and tag the recent swing highs at $19.74.
The reason we are giving the bullish argument is the formation of the ‘hammer’ candlestick pattern. This could reverse the prevailing bearish sentiment in the price. Further, supporting the bullish outlook is the momentum oscillator, the moving average convergence divergence that still holds above the midline with a neutral stance.
In addition to that, an acceptance above the upper target investors would pull up their sleeves to catch the next upside destination at $20.0
- Analyst Eyes Solana ATH as 21Shares’ SOL-Focused Jupiter ETP Launches on Swiss Exchange
- Experts Predict Big ETH Rally on Bullish Options, Whales Signal Post-False Break
- US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket
- SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?
- BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
