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NEAR Price Prediction: $3.70-$4.78 Target in Next 30 Days Based on Bullish Technical Setup
The Near Protocol, a scalable blockchain solution for decentralized applications, has caught analysts’ attention with multiple bullish predictions emerging over recent days. With the current price at $2.75, several technical indicators are aligning for a potential breakout, making this an opportune time to examine the NEAR price prediction landscape and assess whether the protocol is positioned for significant gains.
Key resistance at $3.10 must be broken for upside continuation
In an exclusive analysis, we’ve compiled the latest data from multiple reputable sources to provide a comprehensive view of the possible outcomes for NEAR’s future movement. We’ll delve into the technical setup and examine the various scenarios to offer investors insight into the potential trajectory of this cryptocurrency.
Based on moving average convergence, our short-term target is $3.19 (+16%). While this objective might be achieved in a week, it is essential to acknowledge that the more prominent targets lie within a range of $3.70-$4.78, supported by analyst consensus and technical signals.
NEAR Protocol’s MACD (Moving Average Convergence Divergence) has turned positive, signaling fresh momentum. This development aligns with longer-term bullish trend models from respected analysts like CoinCu. Our analysis also detects subtle signs of support near the SMA 200 at $2.69.
Recent NEAR Protocol Price Predictions from Analysts
PricePredictions.com leads the way with the most aggressive NEAR price prediction of $9.72 for medium-term expectations, representing a substantial 253% upside from current levels. CoinCu’s analysis supports a more conservative but still significant NEAR price target of $4.78, which aligns with longer-term bullish trend models.
Meanwhile, CoinCodex’s AI-driven technical analysis points to $3.70 as a near-term objective, with their algorithms detecting a 12.04% growth probability over five days. The most conservative estimate comes from Changelly at $3.19, based on moving average crossovers and improving market sentiment.
Please note that these predictions are not investment advice and should be treated as speculative insights.
NEAR Technical Analysis: Setting Up for Bullish Breakout
The MACD histogram has turned positive at 0.0091, indicating fresh bullish momentum after a period of consolidation. This momentum shift coincides with the MACD line (0.0453) trading above its signal line (0.0362), confirming the trend reversal.
NEAR’s position within the Bollinger Bands at 0.6573 suggests the price is in the upper portion of its recent range but not yet overbought. With the upper band at $2.96, NEAR has immediate upside room before encountering technical resistance from this dynamic level.
The RSI reading of 52.52 maintains a neutral stance, providing ample room for further gains without entering overbought territory. Volume confirmation comes from the substantial $36.3 million in 24-hour trading activity on Binance, indicating healthy participation in current price action.
Moving averages are beginning to align bullishly, with the short-term EMA 12 ($2.73) positioned near current prices and the SMA 7 ($2.76) providing nearby support. The price trading above the critical SMA 200 at $2.69 suggests the longer-term trend remains constructive for the NEAR Protocol.
NEAR Price Prediction Summary
• Short-term target (1 week): $3.19 (+16%) based on moving average convergence
• Medium-term forecast (1 month): $3.70-$4.78 range following analyst consensus
Source: Blockchain.News
