NEARJPY +298.98% in 7 Days Amid Technical Indicators Suggesting Strength

On SEP 6 2025, NEARJPY rose by 0% within 24 hours to reach $353.1, NEARJPY rose by 298.98% within 7 days, rose by 169.1% within 1 month, and dropped by 5408.9% within 1 year.

The recent surge in NEARJPY has drawn attention from technical analysts, who have observed a clear upward shift in the pair’s momentum over the past week. While the 24-hour range showed little movement, the 7-day rally highlights a robust short-term reversal pattern. The pair's ability to maintain key support levels and show consistent buying pressure suggests a possible continuation of the bullish trend. Notably, the price has remained above key moving averages, reinforcing the idea that the upward trajectory is not driven by isolated volatility but by sustained demand.

Further examination of the price structure reveals a strong RSI reading above 55, signaling growing positive momentum. The MACD line has crossed above the signal line, adding a confirmation of the bullish phase. Analysts project that as long as NEARJPY remains above its 50-period and 200-period exponential moving averages, the pair is likely to continue testing higher resistance levels. Breakouts above $375 could trigger further gains, with the next key level of interest at $400.

Backtest Hypothesis

A backtesting strategy has been developed to evaluate the performance of the NEARJPY pair under similar technical conditions. The approach incorporates a combination of moving average crossovers and RSI levels to identify entry and exit points. Specifically, the strategy triggers a long position when the 50-period EMA crosses above the 200-period EMA and the RSI remains above 50. A stop-loss is placed below the most recent swing low, while the take-profit level is set at the next major psychological or Fibonacci level.

This hypothesis aims to assess the profitability and reliability of entering positions during confirmed bullish setups. By testing this strategy on historical data corresponding to NEARJPY's recent behavior, it could provide insights into the consistency of the upward trend and the potential for further gains.