The Near Protocol token has shown a sizeable price recovery. The coin has registered a price growth of 5.35% as of the latest update. As a result, this market has the potential to extend its upside trajectory.
NEAR Market Statistics
Current Price: $3.111
Market Capitalization: $3.88B
Circulating Supply: 1.24B
Total Supply: 1.27B
CoinMarketCap Rank: 34
Key Price Levels
Resistance: $3.500, $3.750, $4.000
Support: $3.000, $2.750, $2.500
Near Protocol Sees a Recovery Bounce
Price movement on the NEAR daily chart previously retreated toward support at the 9-day Exponential Moving Average (EMA) curve. However, this support held, and price action rebounded strongly in today’s session.
That said, the recent downward movement has persisted for a longer period of time, and the Stochastic Relative Strength Index (SRSI) indicator lines still retain a downward trajectory. Nevertheless, since the SRSI line remains above the 55 threshold, upside forces are still likely to push prices higher.
NEAR Outlook Stays Bright
From the perspective of the Near Protocol 4-hour price chart, price action appears to be under strong bullish pressure. The last candle on this chart is a large green bullish candle. Similarly, it takes support at the 9-day EMA curve, which suggests consistent bullish sentiment, at least in the short term.
At the same time, the SRSI indicator lines are rising steeply upward from the oversold region, reinforcing bullish momentum. Therefore, upside forces are likely to push the price toward the $3.500 level in the near term.
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