Market Overview: NEARUSDT – 24-Hour Analysis

NEARUSDT opened at $2.486 on August 25 at 12:00 ET, hitting a high of $2.497 and a low of $2.358 before closing at $2.412 on August 26 at 12:00 ET. The pair recorded a 24-hour volume of 15,990,156.9 NEAR and a turnover of $39,110,817.01.

Summary

• Price fell sharply from $2.497 to $2.358 before recovering toward $2.412.
• Volume spiked during the 7:45–10:45 PM ET period as price bottomed and rebounded.
• Key support at $2.402–2.406 and resistance at $2.455–2.461 were tested multiple times.
• MACD turned neutral while RSI showed oversold conditions around $2.358.
• Volatility expanded during the bearish breakdown and contracted on the consolidation.

Structure & Formations

The 24-hour chart shows a distinct bearish impulse from $2.496 to $2.358 between 7:30 and 9:45 PM ET, followed by a consolidation phase. A key bearish engulfing pattern formed at the top of the move around $2.497–2.485, signaling increased selling pressure. A bullish hammer appeared near $2.358–2.368, suggesting short-covering. The price has since found a short-term base between $2.402 and $2.429, where a series of bullish and bearish haramis and spinning tops indicate indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly as price fell, with the 20 MA falling below the 50 MA in the critical 8:00–9:30 PM ET window. The daily chart shows the 50-period MA at ~$2.43 and the 200-period MA at ~$2.38, with price currently hovering just above the 50 MA. This suggests short-term support is holding but longer-term bearish pressure could still dominate.

MACD & RSI

MACD turned neutral after the sharp sell-off, with a histogram contraction indicating waning momentum. RSI hit an oversold level near 28 during the low of $2.358, suggesting a possible rebound. However, the RSI has not confirmed a strong reversal, remaining within the 40–50 range. This implies the market is consolidating rather than transitioning into a bullish trend. Divergence between price and RSI was observed during the 2:00–5:00 AM ET phase, pointing to lingering uncertainty.

Bollinger Bands

Volatility expanded significantly during the bearish phase, with price hitting the lower band at $2.358 and bouncing back into the mid-range. Bollinger width hit a 24-hour peak during the 8:45–10:15 PM ET window, followed by a narrowing phase as the price consolidated. Currently, NEARUSDT is trading near the middle band, suggesting a potential breakout is being considered but not yet confirmed.

Volume & Turnover

Volume spiked during the key bearish breakdown, reaching ~930,915.5 NEAR at 8:15 PM ET. This was confirmed by a corresponding rise in turnover to ~$2,338,175. However, volume has since dropped to ~363,454 NEAR by midday on August 26, with turnover decreasing as well. A divergence between price and volume is evident during the rebound, indicating weak bullish conviction. The high-volume area between $2.38–2.42 is now a key watchpoint for confirmation of trend continuation.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing (from $2.497 to $2.358), the 61.8% retracement is at ~$2.435, which the price has so far failed to exceed. On the daily chart, the 38.2% and 61.8% retracements from the recent high of $2.49 to the low of $2.358 are at ~$2.44 and ~$2.41 respectively. Price has held near the 61.8% level, suggesting a potential stall or a bearish continuation may follow.

NEARUSDT appears to be in a consolidation phase following a sharp bearish move, with mixed signals from momentum and volume. A close above $2.455 could signal bullish re-engagement, but a break below $2.402 may indicate further downside. Investors should watch for a decisive move out of the $2.40–2.44 range and manage risk accordingly in case of a continuation or reversal.