- The bullish NEAR price forecast is $4.481 to $11.986.
- NEAR Protocol (NEAR) The price may also reach $15 soon.
- The bearish NEAR price prediction for 2022 is $3,088.
In the NEAR Protocol (NEAR) Price Prediction for 2022, we use statistics, price patterns, RSI, RVOL and other information about NEAR to analyze the future movement of cryptocurrencies.
NEAR Protocol (NEAR) Current Market Status
according to Queen GekkoPrice of the NEAR Protocol (NEAR) is $4.25 with a 24-hour trading volume of $205,367,475 at the time of writing. However, the NEAR has decreased by approximately 0.9% in the past 24 hours.
Furthermore, the NEAR (NEAR) protocol has a rolling width of 774966749 NEAR. Currently, the NEAR (NEAR) protocol is traded on crypto exchanges such as Binance, KuCoin, OKX, FMFW.io, Upbit and WhiteBIT.
What is the NEAR (NEAR) protocol?
The NEAR protocol, which is a decentralized application platform designed to use Internet applications. More so, the network runs on a Proof of Stake (PoS) consensus mechanism called Nightshade, which is designed to provide scalability and stable rates. Its original symbol is NEAR.
More so, the NEAR protocol focused on creating an easy-to-use platform for developers. To accommodate this mission, NEAR has integrated features such as human-readable account names rather than just crypto wallet addresses, and the ability for new users to interact with dAppas and smart contracts without the need for a wallet at all.
NEAR Protocol (NEAR) Forecast prices 2022
The NEAR (NEAR) protocol is currently ranked 25th on CoinGecko. The NEAR price forecast for 2022 is illustrated below with a daily time frame.
Bearish channel patterns are short term bearish patterns where the stock is moving lower within a descending channel, but they often form within long term uptrends as continuation patterns. A descending channel pattern, often followed by an increase in prices. But only after the upside breakout of the upper trendline. A bearish channel, drawn by connecting the lower tops and lower bottoms of a security’s price with parallel trend lines to show a downtrend.
Within the descending channel, the trader can bet to sell when the price of the security reaches the resistance trend line. Moreover, the bullish channel is the opposite of the descending channel. Both bullish and bearish channels are basic channels that technical analysts follow
Currently, the NEAR (NEAR) protocol is in the $4.25 range. Hence, if the pattern continues, NEAR price could reach the $4,349 and $6,081 resistance levels. If the trend reverses, the price of NEAR could drop to $3,558.
NEAR Protocol (NEAR) Support and Resistance Levels
The chart below shows the support and resistance levels of the NEAR (NEAR) protocol.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the NEAR (NEAR) protocol.
|resistance level 1||4,481 USD|
|resistance level 2||6.093 USD|
|resistance level 3||USD 9,434|
|resistance level 4||USD 11,986|
|Support level||3,088 USD|
The charts show that the NEAR (NEAR) protocol has conducted an upward trend over the past month. On the other hand, if this trend continues, NEAR may work in tandem with the bulls breaking the resistance level at $11.986.
Accordingly, if investors turn against the cryptocurrency, the price of the NEAR Protocol (NEAR) could drop to close to $3,088, which is a bearish sign.
NEAR Protocol (NEAR) Forecast Prices 2022 – RVOL, MA and RSI
The relative size (RVOL) of the NEAR (NEAR) protocol is shown in the graph below. Ultimately, it is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NEAR is below the cutoff line, indicating weak participants in the current trend.
Also, the moving average (MA) of the NEAR (NEAR) protocol is shown in the above graph. Notably, the price of the NEAR (NEAR) protocol is below 50 MA (short-term), so it is in a downtrend. Currently, NEAR is in a downturn. Therefore, there is a possibility of a reversal of the NEAR trend at any time.
Meanwhile, the Relative Strength Index (RSI) from NEAR is 48.49. From now on, this means that the NEAR (NEAR) protocol is almost in an oversold state. However, this means that a major price reversal at NEAR may occur in the coming days. Therefore, traders need to trade carefully.
NEAR Protocol (NEAR) Forecast Prices 2022 – ADX, RVI
Let’s now take a look at the mean trend index (ADX) of the NEAR (NEAR) protocol. It helps to measure the overall strength of a trend. From now on, the indicator is the average of the expanding price range values. So this system is trying to measure the strength of price movement in positive and negative directions using DMI indicators with ADX.
The above graph represents the ADX of the NEAR (NEAR) protocol. Currently, the NEAR ADX is in the range of 16.910 and therefore indicates a weak trend.
The chart above also represents the NEAR protocol’s Relative Volatility Index (RVI) (NEAR). More so, RVI measures the continuous deviation of price changes over a period of time. NEAR’s RVI is above 50, indicating high volatility. In fact, the NEAR Protocol Relative Strength Index (NEAR) is at 43.03 confirming a possible buy signal.
Comparison of NEAR with BTC and ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and the NEAR Protocol (NEAR).
From the above chart, it can be explained that ETH, BTC, and NEAR are moving in a similar direction. This indicates that when the price of BTC rises or falls, the price of ETH and NEAR also increases or decreases, respectively.
NEAR Protocol (NEAR) Forecast prices 2023
If the price action completely slows down the momentum and reverses, the NEAR Protocol (NEAR) Maybe up to $18 by 2023.
NEAR Protocol (NEAR) forecast prices 2024
With several network upgrades, the NEAR (NEAR) protocol may enter an upward trajectory. Moreover, if the coin attracts the attention of major investors, the NEAR could rise to reach $21 by 2024.
NEAR Protocol (NEAR) Forecast prices 2025
Moreover, if the NEAR (NEAR) protocol maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, NEAR will rise to $24.
NEAR Protocol (NEAR) forecast prices 2026
If the NEAR protocol (NEAR) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, NEAR will rise to $27.
NEAR Protocol (NEAR) forecast prices 2027
Moreover, if the NEAR (NEAR) protocol maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, NEAR will rise to $30.
NEAR Protocol (NEAR) Forecast prices 2028
If the NEAR (NEAR) protocol holds a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. Ultimately, by paying significant price hikes, NEAR will reach $33 in 2028.
NEAR Protocol (NEAR) forecast prices 2029
If investors flock and continue to place their bets on the NEAR (NEAR) protocol, it will see huge spikes. NEAR could reach $36 by 2029.
NEAR Protocol (NEAR) Price Prediction 2030
With the significant advancements in the NEAR protocol ecosystem, the crypto community may continue to invest in NEAR over the next eight years and drive the price of the token significantly higher. Thus, the price of the NEAR (NEAR) protocol could reach $39 by 2030.
With the continuous improvements in the NEAR protocol network, we can say that 2022 is a good year for NEAR. Because of this, the NEAR (NEAR) protocol bullish price forecast in 2022 is $11,986. On the other hand, the bearish price prediction for the 2022 NEAR Protocol (NEAR) is $3,088.
Moreover, with advancements and updates in the NEAR protocol ecosystem, NEAR’s performance will help reach an all-time high (ATH) of $20.44 very soon. But, it could also go up to $15 if investors think NEAR is a good investment in 2022.
NEAR is the original cryptocurrency for the NEAR protocol, a decentralized platform for developing dApps. The Nearby Protocol (NEAR) was launched in 2020.
The NEAR (NEAR) protocol is listed on several cryptocurrency exchanges including Binance, KuCoin, OKX, FMFW.io, Upbit, and WhiteBIT.
With the continuous developments and updates within the NEAR platform, NEAR has a high potential to reach ATH soon.
On January 16, 2022, the NEAR protocol (NEAR) reached an all-time high (ATH) of $20.44.
The NEAR (NEAR) protocol appears to be one of the most profitable cryptocurrencies this year. According to the achievements of the NEAR protocol in the past few months, NEAR is a good investment in 2022.
NEAR Protocol (NEAR) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this bullish trend continues, the NEAR (NEAR) protocol will reach $15 soon.
The price of the NEAR Protocol (NEAR) is expected to reach $18 by 2023.
The price of the NEAR Protocol (NEAR) is expected to reach $21 by 2024.
The NEAR Protocol (NEAR) is expected to reach $24 by 2025.
The price of the NEAR Protocol (NEAR) is expected to reach $27 by 2026.
Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.
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