Key Takeaways
- NEAR Protocol’s Current Status: NEAR price is currently at [current_prices pair=”NEARUSDT”], with a market cap of $5.42 billion and a circulating supply of 1.11 billion NEAR tokens; the price has demonstrated a strong bullish trajectory since early 2024, recovering from a minor dip in April 2024.
- Market Performance: Over the past week, NEAR price has surged by 18.5%, although it has seen a slight 0.5% decline in the last 24 hours; this indicates a generally positive market performance with recent volatility.
- Technical Analysis: Following a brief decline below the 50-day EMA in April, NEAR price has rebounded and is now trading above both the 50-day and 200-day EMAs, signaling a solid recovery and sustained bullish momentum.
- NEAR Price Predictions: For August 2024, NEAR price is projected to trade within the range of $5 to $5.3, with predictions suggesting that if the bullish trend continues, the price could potentially rise to $10 by October 2024 and reach around $12 by November 2024.
- Future Outlook: NEAR price’s long-term prospects are optimistic, with predictions indicating that the price could soar to $30-$38 in 2025, and possibly escalate to between $220 and $250 by 2030, driven by continued technological advancements and increased adoption within the NEAR Protocol ecosystem.
Where will NEAR Protocol Price Head Next?
- NEAR Protocol’s token, NEAR has been on a bearish trajectory ever since the middle of May and that trend is still going strong. NEAR price has correction from YTD highs near $8.5 to $9 between April and May down to $4.8 as of writing.
- NEAR price has seen a moderate correction over the past couple of days – however this will be short lived unless it is able to break out of the downward trend. NEAR Protocol price had seen a similar rally in the middle of July but lost all those gains because it couldn’t recovery above the downtrend.
- Thus on the upside, NEAR price needs to convincingly breakout of the downward trend (marked in grey) and attempt to trade above the $7 mark – which has been a crucial zone for NEAR price. If it is able to do so, then fresh buying may come into the market.
- On the other hand, if the current downtrend continues, we can potentially see NEAR Protocol price taking support near the S2 Fibonacci level for August at $3.6.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$4.2 / $3.6 / $2.6 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$6.1 / $6.7 / $7.6
|
|
50-day EMA |
$4.76
|
|
200-day EMA |
$5.1
|
|
RSI level |
54.16 |
|
MACD level (Signal Line) |
+0.16 |
NEAR Protocol Price Prediction August 2024
In August 2024, NEAR Protocol price is predicted to persist in its range-bound motion, with slight recovery anticipated around $5 to $5.3. Technical indicators suggest continued sideways trading, punctuated by occasional bullish indications as the month progresses. Traders may seek to capitalize on short-term price swings within the established range, employing range trading strategies to navigate the market.
September 2024 may witness a resurgence of bullish sentiment in NEAR Protocol price, with the range expanding to $6.5 to $8. Technical analysis indicates a shift towards stronger bullishness, as the “uptober” frenzy gains momentum. Traders may anticipate breakout scenarios above key resistance levels, positioning themselves to capitalize on upward price momentum.
October 2024 is poised to be a month of significant gains for NEAR Protocol price, with the range expanding to $8 to $10. Technical analysis indicates a strong bullish momentum, fueled by the overall crypto market hype. Traders may witness breakout scenarios above key resistance levels, signaling a continuation of the upward trend. Market sentiment and external catalysts may amplify bullish sentiment, driving NEAR price towards new highs.
November 2024 could see the continuation of the “uptober” hype, influencing NEAR Protocol price to fluctuate around $10 to $12. Technical indicators suggest sustained bullish momentum, with potential breakout scenarios above key resistance levels. Traders may capitalize on upward price movements, strategically positioning themselves to ride the bullish trend. Market sentiment and external factors may further fuel bullish sentiment, driving NEAR price towards higher levels.
As the year draws to a close, NEAR Protocol price is expected to trade within the range of $11 to $14 in December 2024. Technical analysis indicates a slight softening of bullish momentum, following two strong bullish months. Traders may anticipate range-bound trading conditions, with price action constrained within established support and resistance levels. Market sentiment and external catalysts may influence price movements, prompting traders to adapt their strategies to changing market dynamics. Despite the potential for a softer end to the year, traders should remain alert for any emerging opportunities and adjust their positions accordingly.
NEAR Protocol Price Prediction 2025
In 2025, NEAR Protocol price is anticipated to soar within the range of $30 to $38, marking a significant uptrend. Technical indicators suggest robust bullish momentum, driven by continued adoption and technological advancements within the Near ecosystem. Traders may witness breakout scenarios above key resistance levels, signaling a sustained upward trajectory. Market sentiment remains optimistic, fueled by growing investor confidence and favorable market conditions.
Entering 2026, NEAR Protocol price is projected to surge within the range of $77 to $81, continuing its upward trajectory. Technical analysis indicates strong bullish momentum, supported by ongoing developments and adoption within the Near ecosystem. Traders may anticipate breakout scenarios above key resistance levels, signaling a sustained bullish trend. Market sentiment remains positive, driven by growing interest from investors and stakeholders. As NEAR solidifies its position as a prominent blockchain platform, traders should remain adaptable and responsive to market dynamics to maximize their trading outcomes.
In 2027, NEAR Protocol price is expected to climb within the range of $65 to $69, maintaining its upward trajectory. Technical indicators suggest continued bullish momentum, supported by advancements in technology and adoption within the Near ecosystem. Traders may witness breakout scenarios above key resistance levels, indicating sustained bullish sentiment. Market sentiment remains optimistic, fueled by increasing confidence in NEAR’s potential and market fundamentals.
2028 is poised to be a year of significant growth for NEAR Protocol price, with the range expanding to $100 to $121. Technical analysis indicates a strong bullish momentum, driven by continued innovation and adoption within the Near ecosystem. Traders may anticipate breakout scenarios above key resistance levels, signaling a continuation of the upward trend. Market sentiment remains bullish, buoyed by optimism surrounding NEAR’s future prospects and market developments.
In 2029, NEAR Protocol price is predicted to surge within the range of $150 to $170, reflecting substantial bullish momentum. Technical indicators suggest continued upward trajectory, supported by robust adoption and technological advancements within the Near ecosystem. Traders may witness breakout scenarios above key resistance levels, indicating sustained bullish sentiment. Market sentiment remains positive, driven by increasing confidence in NEAR’s capabilities and market fundamentals.
By 2030, NEAR Protocol price is projected to skyrocket within the range of $220 to $250, marking a significant milestone in its growth trajectory. Technical analysis indicates strong bullish momentum, fueled by widespread adoption and technological advancements within the Near ecosystem. Traders may anticipate breakout scenarios above key resistance levels, signaling continued upward momentum. Market sentiment remains overwhelmingly bullish, supported by optimism surrounding NEAR’s future prospects and market fundamentals. As NEAR establishes itself as a leading blockchain platform, traders should monitor price movements closely and adjust their strategies accordingly to capitalize on potential opportunities.
Will NEAR Protocol Price Rise Again in 2024?
As 2024 progresses, the question on everyone’s mind is whether the NEAR Protocol price will experience another surge. With the bullish momentum witnessed in recent months and the promising price predictions for the remainder of the year, there is optimism surrounding NEAR’s potential for further growth.
Technical indicators point towards continued bullish sentiment, supported by ongoing developments and adoption within the Near ecosystem. Market sentiment remains positive, with increasing confidence in NEAR’s capabilities and market fundamentals.
While past performance does not guarantee future results, the strong foundation laid by NEAR positions it favorably for potential price gains in 2024. However, traders should remain vigilant and adaptable to market dynamics, adjusting their strategies accordingly to seize opportunities and navigate potential challenges in the crypto landscape.
