NEAR Protocol is Trading -20.46% Below Our Price Prediction for Apr 25, 2024

Table of Contents

• NEAR price is expected to rise by 30.00% in the next 5 days according to our NEAR Protocol price prediction
• NEAR Price Prediction Chart
• What has been going on with NEAR Protocol in the last 30 days
• NEAR Protocol technical analysis for today - Apr 20, 2024
• Neutral sentiment for NEAR Protocol
• Crypto market is currently experiencing Greed
• NEAR Protocol moving averages & oscillators
• The bottom line about this NEAR Protocol prediction

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• NEAR Protocol is up 5.52% today against the US Dollar
• NEAR/BTC increased by 5.18% today
• NEAR/ETH increased by 4.86% today
• NEAR Protocol is currently trading 20.46% below our prediction on Apr 25, 2024
• NEAR Protocol dropped -10.86% in the last month and is up 194.26% since 1 year ago

NEAR price is expected to rise by 30.00% in the next 5 days according to our NEAR Protocol price prediction

NEAR Protocol price today is trading at $ 5.94 after gaining 5.52% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.88% in the same time period. NEAR performed well against BTC today and recorded a 5.18% gain against the world’s largest cryptocurrency.

According to our NEAR Protocol price prediction, NEAR is expected to reach a price of $ 7.46 by Apr 25, 2024. This would represent a 30.00% price increase for NEAR in the next 5 days.

NEAR Price Prediction Chart

Buy/Sell NEAR Protocol

What has been going on with NEAR Protocol in the last 30 days

NEAR Protocol has been displaying a negative trend recently, as the coin lost -10.86% in the last 30-days. The medium-term trend for NEAR Protocol has been bullish, with NEAR increasing by 98.51% in the last 3 months. The long-term picture for NEAR Protocol has been positive, as NEAR is currently displaying a 194.26% 1-year price change. On this day last year, NEAR was trading at $ 2.02.

NEAR Protocol reached its all-time high price on Jan 16, 2022, when the price of NEAR peaked at $ 20.42. The current NEAR cycle high is $ 8.97, while the cycle low is at $ 0.972014. NEAR has been displaying high volatility recently – the 1-month volatility of the coin is at 10.63. NEAR Protocol recorded 14 green days in the last 30 days.

NEAR Protocol technical analysis for today - Apr 20, 2024

The sentiment in the NEAR Protocol markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 5.32, $ 5.04 and $ 4.80, while $ 5.84, $ 6.09 and $ 6.37 are the key resistance levels.

Neutral sentiment for NEAR Protocol

19 indicators are currently signaling a bullish prediction for NEAR Protocol, while 7 indicators are showing a bearish forecast. With 73% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for NEAR Protocol.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 66 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

NEAR Protocol moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how NEAR Protocol is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for NEAR Protocol is at 44.58, suggesting that NEAR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of NEAR Protocol over the last 50 days. Currently, NEAR Protocol is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the NEAR closing price for the last 200 days. NEAR is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this NEAR Protocol prediction

After considering the above factors, we can conclude that the current forecast for NEAR Protocol price prediction is Neutral. NEAR would have to increase by 30.00% to hit our $ 7.46 target within the next five days. Moving forward, it will be important to monitor the NEAR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term NEAR Protocol price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.