Market Overview for NEAR Protocol/Yen (NEARJPY) – November 13, 2025

Summary
• Price rose from 389.5 to 403.7, forming a strong bullish bias.
• Volume surged to 1401.9 in early morning ET, confirming key upswings.
• RSI and MACD suggest overbought conditions, with possible pullback ahead.
• Volatility expanded as Bollinger Bands widened following breakout.
• Key support at 390.9 and resistance at 400.4 observed during the session.

Opening and Closing Range

At 12:00 ET – 1, NEARJPY opened at 389.5 and advanced to a high of 404.5, before closing at 396.1 at 12:00 ET. The pair experienced a 24-hour high of 404.5 and a low of 385.1. Total volume traded over 24 hours reached 12,968.3, with a notional turnover of approximately 5,183,499.0 JPY.

Structure & Formations

The NEARJPY pair displayed multiple bullish engulfing patterns between 20:30–21:45 ET, particularly from 400.1 to 400.5 and 395.8 to 399.7, signaling strong buyer control. A notable doji formed at 05:15 ET near 395.8, hinting at a short-term indecision period. Key support levels emerged at 390.9, 387.7, and 385.1, while resistance was tested at 400.4, 403.7, and 399.7.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover just before the 21:00 ET session. The 50-period MA acted as a dynamic support level between 394.0–397.3, while the 100-period MA on the daily chart was at 393.6, indicating a potential retest zone for the 24-hour close.

MACD & RSI

The MACD line turned positive in the early morning hours and surged during the 21:00–22:00 ET window, aligning with bullish price action. RSI crossed above 60 at 04:30 ET and reached 67 by 06:30 ET, suggesting overbought conditions. This sets up potential for a near-term correction as momentum begins to peak.

Bollinger Bands

Volatility expanded significantly after 21:00 ET, with the Bollinger Bands widening to accommodate the 385.1–404.5 range. By the close, the price sat near the upper band at 396.1, indicating strong momentum but also raising the possibility of a consolidation phase as the bands stabilize.

Volume & Turnover

Volume spiked during key upswings, especially between 20:45–21:45 ET and 03:30–04:45 ET, supporting the rally. Notional turnover also surged during those windows. However, volume dipped at the end of the session as the price retraced slightly, suggesting a possible pause in bullish momentum. Divergences were not observed, but the pattern points to potential exhaustion ahead.

Fibonacci Retracements

The 24-hour low to high swing (385.1–404.5) saw price retesting the 38.2% (398.0) and 61.8% (393.6) levels. The 61.8% retest aligned with the daily 50-period MA and acted as a minor pivot before the final rally. On the 15-minute chart, 38.2% retracements from key 1-hour swings were used to identify continuation buy opportunities.

Backtest Hypothesis

Given the absence of a native RSI series for NEARJPY, backtesting could proceed using the NEARUSDT pair and USD/JPY cross data to construct synthetic RSI and price series. This approach allows for accurate momentum assessment without relying on unverified data. A 14-period RSI applied to the synthetic series could confirm overbought/oversold conditions and validate potential entry/exits. NEARUSDT’s liquidity and availability make it a practical proxy for NEARJPY strategies.