Increased potential for the NEAR cryptocurrency price to surge in the near future
The cryptocurrency market has been experiencing a dip, with Near Protocol (NEAR) among the altcoins that have corrected. Despite this, the outlook for NEAR is cautiously optimistic, with moderate upside potential by the end of 2025.
Currently trading around $2.60-$2.85, NEAR is moving within a symmetrical triangle on the daily chart. This technical pattern, combined with recent chart behavior, suggests a potential target for renewed buying pressure at the triangle's upper limit.
Price predictions from various sources project NEAR to reach a maximum price between approximately $2.63 and $5.40 by late 2025. This potential gain represents a significant increase from the current price levels. However, it is essential to note that the sentiment ranges from neutral to mildly bullish, with some indicators showing extreme fear, suggesting traders remain cautious.
Key technical details include the 50-day simple moving average (SMA) near $2.34-$2.36 and the 200-day SMA higher, around $3.11-$3.15, indicating resistance ahead. The 14-day Relative Strength Index (RSI) is approximately 62-69, signaling the price is close to the upper bound of neutral to slightly overbought conditions, which may limit short-term gains.
The Fear & Greed Index readings are in "extreme fear" zones, reflecting community cautiousness despite technical signs of a potential bullish trend. Monthly forecasts anticipate prices gradually rising towards $3.3 to $4.0 by late 2025, with potential highs around $4.2-$4.6 depending on market conditions and adoption trends.
Longer-term forecasts to 2028 and 2031 anticipate stronger growth driven by mainstream adoption and technological advances, with prices possibly exceeding $9 in 2028 and even $22 by 2031. NEAR's technical advances such as bridging to Solana and TON and expanding ecosystem support are considered key bullish catalysts by analysts.
In the short term, the dynamics of NEAR show signs of exhaustion within this symmetrical triangle. If the bulls can retake the 25-day moving average and close above $2.85, it would potentially invalidate the bearish setup and open the door to renewed buying pressure. Conversely, a breakdown below the 100-day moving average could trigger another drop towards the potential reversal zone and the lower trendline support around $1.94.
Gaston Cuny, a writer and crypto enthusiast with over 7 years of experience, shares his insights about the crypto ecosystem through this platform. His recent analysis suggests a bearish ABCD fractal has emerged in NEAR's chart, similar to the pattern observed earlier this year. This fractal indicates a potential reversal zone and lower trendline support for NEAR, which is around $1.94.
In conclusion, Near Protocol shows moderate bullish potential in the near term, with resistance around $3.15-3.50 and upside targets up to $4.6 by the end of 2025. However, elevated market fear suggests cautious trading. Long-term fundamentals remain positive for substantial price growth given adoption and development trends.
TheNEAR Protocol's price, currently trading within a symmetrical triangle, may reach renewed buying pressure at the triangle's upper limit, according to a potential target suggested by the technical pattern. This prospects are supported by technology advancements such as bridging to Solana and TON, and expanding ecosystem support, which are considered key bullish catalysts by analysts.
Despite the mildly bullish sentiment and potential for significant growth in the long term, traders must remain cautious, given the elevated market fear reflected by the Fear & Greed Index and the neutral to mildly bullish consensus from various sources.
