Price Analysis

NEAR Price Prediction: Concentrated Resistance at $14 May Stall NEAR Recovery

The NEAR price shows recovery attempts with eyes on the $20 mark; however, can they surpass the combined technical resistance levels at $14?
Published by
NEAR Price Prediction: Concentrated Resistance at $14 May Stall NEAR Recovery

The dome-shaped reversal from the $17.8 resistance tumbled the Near Protocol(NEAR) price by $41.5%, bringing it to the 0.789 Fibonacci retracement level. The buyers showed strong interest in this discounted price, resulting in a 13% price jump on May 1st. However, the buyers may struggle to surpass the multiply resistance levels aligned at the $14 mark.

Advertisement

Key points: 

  • The NEAR price lost 43.7% within a fortnight
  • The NEAR price regain the 200-day EMA
  • The intraday trading volume in the NEAR is $1.78 Billion, indicating a 44% hike.

Source- Tradingview

The Near Protocol(NEAR) has witnessed a significant correction in the past two weeks, which plunged the coin to 0.786 FIB level($10). The altcoin turned down from the $18 resistance and breached some important supports such as $15, $13.5, and $11.2, registering a 43.7% fall. 

However, the NEAR price experienced a significant inflow today and rebounded from $10 support. The bullish engulfing candle reflected a 13% price jump and retested the shared flipped resistance of $12 and 200-day EMA.

If sellers sustain the NEAR price below the $12 mark, the altcoin may retest the $10 support and even try to drop below it.

However, daily closing above the $12 resistance would drive the NEAR price to a confluence of technical resistance at $14. This resistance level consists of 0.5 FIB level, 50-day EMA and 100-day EMA, mounting a strong barrier against buyers.

Therefore, surpassing the $14 resistance will require strong bullish momentum.

Advertisement

Technical indicator

The recent correction has breached the EMA support of 20, 50, 100, and recently 200-day. However, the buyers have reclaimed the 200-day EMA with a sudden price jump, bolstering the recovery rally to hit the $14 mark. 

The daily-RSI slope barely tagged the oversold region on April 30th and reverted immediately. The RSI value currently at 38% reflects a negative sentiment among traders.

  • Resistance levels- $13.5, $15.1
  • Support levels-$, $10 and $8.2
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

FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?

Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…

October 4, 2025
  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025
  • Price Analysis

Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?

Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…

October 3, 2025
  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025