Market Overview for NEAR Protocol/Tether (NEARUSDT) – 24-Hour Candlestick Summary

• NEARUSDT traded in a volatile range today, breaking above key resistance before retracing.• Momentum indicators suggest overbought levels emerged mid-day before cooling off in the last 6 hours.• A strong divergence between volume and price action emerged in the final 4 hours of the 24-hour period.• Bollinger Bands show increased volatility during the midday session, suggesting heightened trader interest.• Fibonacci retracement levels suggest potential support near 2.40–2.42 after today's pullback.

The NEAR Protocol/Tether (NEARUSDT) pair opened at $2.528 on 2025-10-13 at 12:00 ET, reached a high of $2.667, touched a low of $2.352, and closed at $2.466 as of 12:00 ET on 2025-10-14. The total trading volume across the 24-hour window was approximately 23,180,106.3, with notional turnover reaching around $57,808,523.79. Price action shows strong intraday volatility, with a notable midday bullish surge followed by a late session consolidation phase.

Structure & Formations

Price action formed a distinct double-top pattern at the 2.649–2.667 level before consolidating into a descending triangle. A key support level appears to have been tested around 2.43–2.45, with a potential short-term base forming near that range. On the 15-minute chart, the price formed a bullish engulfing pattern at the 2.43–2.45 level and a bearish dark cloud cover at 2.46–2.47. A notable doji appeared at 2.40, signaling indecision in the 2.35–2.40 range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice, indicating a potential short-term reversal in direction. The 50-period MA remains above the 20-period line as of the latest candle, suggesting a bearish bias in the short-term. On the daily chart, the 200-period MA is acting as a strong support level, while the 50-period MA continues to slope downward, indicating a longer-term bearish bias.

MACD & RSI

The MACD crossed the zero line twice, reflecting a bullish divergence in the midday session followed by a bearish crossover in the late afternoon. The RSI reached overbought levels above 70 around 19:30 ET, but has since cooled and currently sits around 55, indicating a balanced market. This suggests a potential exhaustion of bullish momentum, with buyers needing to push prices above 2.50 to re-enter overbought territory.

Bollinger Bands

Bollinger Bands showed a distinct expansion in the 16:00–18:00 ET timeframe, consistent with the strong upward move. Price closed near the lower band in the final hours, indicating renewed bearish pressure. A contraction in the width of the bands occurred between 04:00 and 08:00 ET, suggesting a period of consolidation prior to the midday breakout.

Volume & Turnover

Volume spiked during the 16:00–18:30 ET timeframe, aligning with the key bullish breakout. However, the notional turnover in this period was relatively moderate, suggesting a lack of conviction in the upward move. In the final hours, volume and turnover both declined, despite continued downward movement, signaling a weakening in bearish momentum.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels suggest potential support at 2.43 (38.2%) and 2.40 (61.8%). On the daily chart, the 50% retracement level aligns with the 2.40–2.42 range, suggesting this area could see renewed interest. Buyers may look to defend this level to reassert control in the near term.

Backtest Hypothesis

The backtesting strategy outlined requires a clear price time series for NEARUSDT, ideally at the 15-minute or daily level, to assess the historical performance of a given trading rule. Given the data provided, we could build a short-term momentum-based strategy around the 15-minute breakout at the 2.649–2.667 level. Alternatively, we could model a mean-reversion strategy based on the Fibonacci retracement levels around 2.40–2.42. To proceed, we need either the exact symbol for NEARUSDT in the data vendor’s system or a manually adjusted price feed to bypass the missing “get_asset_price” node.