NEAR Bounces Back—But Can It Smash Through the $2.73 Ceiling?

NEAR Protocol shakes off its slump, staging a comeback that’s got traders buzzing. The key test? Flipping $2.73 from resistance to support—something that’s eluded it so far.

Market watchers eye the next move: another rejection at this level could spell trouble, while a breakout might lure in the kind of speculative cash that makes traditional finance guys clutch their pearls. After all, what’s crypto without a little drama?

• NEAR is trading at $2.53 after bouncing from a local low of $2.25, signaling a short-term recovery.
• The price is above the 9 EMA but still below the 50, 100, and 200 SMAs, which act as resistance.
• RSI has risen to 53 and the MACD shows a bullish crossover, pointing to growing buying momentum.
• A move above $2.63 could trigger further gains, while support remains at $2.44 and $2.25.

NEAR Protocol is currently trading at $2.53, showing a modest gain as bullish pressure builds after a recent dip. The market trend suggests a short-term recovery is underway, though overall sentiment remains cautious. NEAR Protocol has rebounded from a local low near $2.25 and is now attempting to sustain momentum above key moving averages.

Near Protocol Turns Bullish Short-Term, Faces Major Hurdles

The price has climbed above the 9-period EMA ($2.48), a short-term bullish signal. However, it still trades below the 50 SMA ($2.63), 100 SMA ($2.73), and 200 SMA ($2.73), indicating that the broader trend remains under pressure. These levels now act as resistance zones and need to be reclaimed before a stronger MOVE can unfold.

Momentum indicators are starting to shift. The Relative Strength Index (RSI) is currently at 53, moving above the neutral 50 mark, which reflects improving buying strength. The MACD has also formed a bullish crossover, with the MACD line rising above the signal line. This supports the idea of short-term upside continuation if volume holds.

Immediate resistance is at $2.63, and a break above this could open the door to $2.73. If the price stalls below these levels, it may face renewed selling pressure. Support remains around $2.44 (20 SMA), with stronger support NEAR the recent low around $2.25.

Near Protocol is currently in recovery mode. While momentum is building, buyers will need to push the price above the major moving averages to shift the broader trend in their favor.

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