Market Overview for NEAR Protocol/Yen (NEARJPY) – October 25, 2025 (12:00 ET)

• NEARJPY surged from 338.6 to 348.7 in 24 hours, closing near the session high
• Price formed a bullish continuation pattern with strong follow-through after a consolidation phase
• Momentum picked up in the second half of the day as RSI crossed into overbought territory
• Volume spiked during the late-night breakout to 348.7, confirming bullish strength
• Volatility expanded as the price moved beyond the upper Bollinger Band in the final hours

NEAR Protocol/Yen (NEARJPY) opened at 338.6 on October 24 at 12:00 ET and surged to 348.7 by the close of the 24-hour period. The pair formed a strong bullish pattern with a consolidation phase followed by a sharp breakout. Total volume reached 16,588.9 and turnover amounted to 5,717,676.3 Yen over the 24-hour window.

Structure & Formations

The price action displayed a consolidation phase between 337.3 and 347.7 before a strong breakout to 348.7 in the final hours. The move from 338.6 to 348.7 suggests a bullish continuation pattern, with a key support at 342.6 and resistance at 346.4. The breakout was confirmed by a bullish engulfing candle and a series of higher highs and lows.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both turned bullish during the breakout phase, with the 50-period line lagging behind the 20-period line. This indicates short-term bullish momentum. On the daily chart, the 50-period MA appears to be catching up with the 100- and 200-period lines, signaling potential for continued upward movement.

MACD & RSI

The MACD line crossed above the signal line during the breakout, confirming bullish momentum. The histogram expanded in the final hours, showing increasing strength. RSI crossed into overbought territory above 70 in the final 15-minute candle, suggesting a risk of near-term pullback. However, the sharp move up could extend slightly further.

Bollinger Bands

Volatility expanded as the price moved beyond the upper Bollinger Band in the final hours. The breakout was confirmed by a bullish candle that closed above the band, indicating strong conviction. Price may retrace toward the mid-Band in the short term, but the wide band suggests elevated volatility is here to stay.

Volume & Turnover

Volume spiked during the late-night breakout to 348.7, confirming the strength of the move. Notional turnover also increased during this phase, suggesting increased participation. Price and turnover aligned well in the final hours, with no major divergence observed.

Fibonacci Retracements

Fibonacci levels were relevant in the recent swing from 337.3 to 348.7, with the 61.8% retracement level at 343.0 and 78.6% at 346.3. The price appears to have extended past the 78.6% level, suggesting the move could target the 100% extension at 349.0.

Backtest Hypothesis

The backtesting strategy requires defining a mechanical exit rule based on swing-high levels. A reasonable look-back window N for the swing-high could be 10 trading days, capturing recent bullish momentum without overfitting. Exiting at the next day’s open after a resistance level is breached would align with the price action seen today. Including a 5% stop-loss and a 10% take-profit would add risk control. Daily Close prices are acceptable for entry/exit calculations. Applying this strategy to NEARJPY from 2022-01-01 to 2025-10-25 would allow testing of bearish-engulfing entries and resistance-based exits.

The next 24 hours may see NEARJPY consolidate around 346.4–348.7 as buyers test the new upper range. A break above 349.0 could confirm a strong bullish phase, while a pullback to the 342.6–345.8 zone may offer a retest opportunity. Investors should watch for volume confirmation and divergence in RSI to gauge the sustainability of the move.