Market Overview for NEAR Protocol/Tether (NEARUSDT) on 2025-09-24

• NEARUSDT declined to 2.915 before a late rally drove price back toward 3.07.
• Price action shows clear support at 2.912–2.939 and resistance at 3.04–3.08.
• Momentum remains mixed: RSI suggests short-term overbought conditions near 3.08.
• Volume spiked during late ET bearish break and early bullish recovery, with notable divergence.
• Volatility expanded during 2.91–3.08 range, with Bollinger Bands widening after key reversals.

NEARUSDT opened at 3.059 on 2025-09-23 at 12:00 ET and closed at 3.07 on 2025-09-24 at 12:00 ET, hitting a high of 3.101 and a low of 2.866. Total volume over the 24-hour period was 24,931,380.5 with a turnover of approximately 73.2 million USDT.

Structure & Formations

The NEARUSDT pair formed a bullish reversal pattern during the early hours of 2025-09-24, with price finding support at 2.912 before a recovery rally. A key bearish engulfing pattern emerged during the session low at 2.866, suggesting a potential short-term bottoming process. Later, a strong bullish candle at 3.07–3.101 indicated renewed buying pressure. A doji at 3.065–3.065 hinted at indecision and a possible pause in the upward move.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 3.02–3.03, signaling a short-term bullish bias. Daily MAs, including the 50, 100, and 200 SMA, are converging near 2.99–3.01, suggesting a potential consolidation phase. Price has tested the 50-day MA as both support and resistance, indicating a mixed but ultimately bearish bias on the longer timeframes.

MACD & RSI

MACD showed a bearish crossover just before the 2.912 low, followed by a strong bullish crossover during the recovery phase. RSI bounced off 28–30 levels around 2.912, entering overbought territory near 3.08–3.101. This suggests a strong short-term reversal but also potential for near-term profit-taking. A divergence between price and RSI in the overbought zone could signal a pullback in the near term.

Backtest Hypothesis

Applying a mean-reversion strategy based on RSI divergences and key support/resistance levels, a backtest could look to short NEARUSDT when RSI exceeds 70 and price is near resistance, with a stop-loss placed below the most recent support. Conversely, a long entry may be triggered when RSI drops below 30 and price breaks above a key support-turned-resistance level, with a target at the next Fibonacci level. This strategy would rely on clear divergence and volume confirmation to increase accuracy.