Market Overview for NEAR Protocol/Tether (NEARUSDT) - October 13, 2025

• Price climbed from $2.39 to $2.572 before consolidating near $2.53
• Strong upward momentum midday, with RSI hinting overbought conditions
• Volatility expanded during the rise, with Bollinger Bands widening
• Volume surged during the rally, especially at 13:45 and 14:00 ET
• Fibonacci retracement levels suggest potential pullback resistance at $2.49–$2.52

24-Hour Price Summary

NEAR Protocol/Tether (NEARUSDT) opened at $2.39 on October 12 at 12:00 ET and reached a high of $2.572 during the session, with a low of $2.383. It closed at $2.536 on October 13 at 12:00 ET. Total traded volume was 9,469,401.3 NEAR, and notional turnover was approximately $23,543,028.30 (calculated as NEAR volume × closing price of $2.536).

Structure & Formations

Price action on the 15-minute chart displayed a strong bullish trend midday, breaking through key resistance at $2.49, $2.51, and $2.53. A bullish engulfing pattern formed at $2.48–$2.50 at 07:30 ET, confirming the resumption of the uptrend. A bearish reversal appeared at the high of $2.572 at 13:45 ET, with a long upper shadow, suggesting a potential near-term pause. A doji at $2.451–$2.451 at 00:15 ET indicated indecision at the early stage of the rally.

Moving Averages

Short-term momentum is aligned with the bullish trend. The 20-period and 50-period moving averages (15-minute) are rising, with price trading well above both. Daily MA indicators (50/100/200) confirm the broader uptrend, as NEARUSDT remains above the 200-day MA. This suggests that near-term bullish momentum is supported by longer-term structure.

MACD & RSI

The MACD histogram showed a bullish divergence midday, expanding as price rose. RSI climbed above 70 during the rally, indicating overbought conditions. A key overbought peak was hit at 76.3, with a potential reversal suggested when RSI dips below 68, which occurred at 14:45 ET. Momentum appears to be slowing, with RSI falling back to 57 by 18:00 ET.

Bollinger Bands

Volatility expanded as the rally accelerated, particularly between 08:00 and 14:00 ET, with Bollinger Bands widening to $2.48–$2.56. Price briefly pierced the upper band at $2.572, suggesting a temporary overbought condition. The bands have since begun to contract, indicating a potential consolidation phase ahead.

Volume & Turnover

Volume surged during the critical upward move from $2.45 to $2.572, with a spike of 1,837,853 NEAR at 13:45 ET. The notional turnover during this period reached $4,638,935, confirming the strength of the move. However, a divergence appears in the later hours, with price falling slightly while volume remains elevated, suggesting mixed sentiment ahead of a potential pullback.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute move from $2.39 to $2.572, key retracement levels appear at $2.49 (38.2%), $2.52 (61.8%), and $2.45 (78.6%). The 61.8% level at $2.52 appears to have initially held during the consolidation phase. If this level breaks, the next support would be $2.49, with $2.45 as a critical psychological level.

Backtest Hypothesis

The backtesting strategy described focuses on identifying overbought conditions using RSI (14-period) as a signal for potential reversals. Given the recent RSI behavior, this approach could offer insight into the potential efficacy of such a strategy with NEARUSDT. Specifically, entries are triggered when RSI crosses above 70 and exits when it falls back below 70. NEARUSDT showed a notable overbought peak at 76.3, followed by a pullback below 70, which aligns with the strategy’s signal. If we apply this method to historical data from 2022-01-01 to today, we can assess its viability and optimize risk management parameters. The choice of ticker is critical—whether using BINANCE:NEARUSDT, NEARUSDT_PERP, or a price-aggregated NEAR, the results will vary accordingly.