Market Overview: NEAR Protocol/Tether on 2025-12-13

Summary
• Price surged 1.634 to 1.683 before consolidating near 1.675 at 12:00 ET.
• MACD turned bullish with positive crossover; RSI near 55, suggesting balanced momentum.
• Bollinger Bands expanded after midday, signaling rising volatility with price near the upper band.
• Volume peaked at 247,568.5 at 09:45 ET, aligning with a 1.672 close.
• A bullish engulfing pattern emerged at 09:15 ET, followed by a 1.671 close.

Price and Volume at a Glance

NEAR Protocol/Tether (NEARUSDT) opened at 1.591 on 2025-12-12 at 12:00 ET, reached a high of 1.683, and closed at 1.676 at 12:00 ET on 2025-12-13. Total volume for the 24-hour period was 3,414,639.0, with a notional turnover of 5,563,874.2 USDT, based on reported price and volume data.

Structure and Momentum

Price action showed strong upward momentum during the early to midday session, with a bullish engulfing pattern at 09:15 ET marking a key turning point. The 20-period and 50-period moving averages on the 5-minute chart both turned higher, supporting the continuation of the rally. The MACD crossed above the signal line, suggesting a potential extension of the bullish phase. RSI, which had dipped slightly during consolidation, remained neutral to mildly bullish, with no overbought conditions observed.

Bollinger Bands and Volatility

Volatility expanded midday, with Bollinger Bands widening after 09:00 ET. Price closed near the upper band at 1.676, indicating that the recent rally was robust and not driven by overextension. The midday contraction in volatility suggests a possible pause, but the upper-bound positioning of price remains bullish.

Volume and Turnover

Volume peaked at 247,568.5 at 09:45 ET, confirming the strength of the upward move. Turnover also increased sharply in line with price, with no divergence observed between price and volume. The largest single-volume candle also saw the highest turnover, reinforcing the bullish conviction.

Fibonacci Retracements

On the 5-minute chart, the recent low of 1.606 and high of 1.683 define a key swing. NEARUSDT closed near the 61.8% Fibonacci retracement level of 1.666–1.672, suggesting a potential consolidation zone. On the daily chart, the broader swing from 1.589 to 1.683 could see support at 38.2% (1.642) and resistance at 61.8% (1.655), depending on the next directional move.

Forward Outlook and Risk

Price appears to have entered a consolidation phase after the sharp midday rally, with the 1.672–1.676 range likely to remain key for the next 24 hours. A break above 1.683 could test the 61.8% daily retracement at 1.655, while a pullback to the 1.666–1.663 range may see renewed buying interest. Traders should watch for volume confirmation or divergence in the next 4–6 hours.

Risk remains on the upside for now, but a drop below 1.664 could signal a reversal into lower consolidation levels. Investors are advised to monitor the RSI and Bollinger Band positioning for signs of overbought conditions or potential breakdowns.