Market Overview for NEAR Protocol/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 1, 2026 3:21 pm ET1min read
NEAR
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Aime RobotAime Summary

- NEARUSDT surged to 1.585, forming a bullish engulfing pattern near 1.510 with strong 6-hour volume spikes.

- RSI approached overbought levels (70) while Bollinger Bands widened, signaling heightened volatility and bullish momentum.

- Key Fibonacci resistance at 1.547 and support at 1.525 emerged, with price above 100/200-period moving averages.

- Traders should monitor 1.545-1.550 zone for potential pullbacks despite strong volume confirming the upward move.

Summary
• Price surged past 1.500, forming a bullish engulfing pattern near 1.510.
• RSI approached overbought territory, suggesting potential short-term pullback.
• Volume increased in the final 6 hours, aligning with the price breakout.
• Bollinger Bands widened significantly, indicating rising volatility.
• Fibonacci levels at 1.547 and 1.525 appear to be key resistance and support, respectively.

NEAR Protocol/Tether (NEARUSDT) opened at 1.494 on 2025-12-31 12:00 ET, surged to a high of 1.585, and closed at 1.583 on 2026-01-01 12:00 ET. The 24-hour volume reached 4,680,896.8, with notional turnover of 7,161,411.87.

Structure & Formations


The 5-minute chart displayed a bullish engulfing pattern around 1.510, confirming a reversal from bearish to bullish momentum. A key resistance cluster formed between 1.545 and 1.550, with a bearish rejection observed at 1.555. A doji appeared near 1.542, suggesting indecision.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart were in a bullish crossover trend, reinforcing the recent uptrend. Daily 50/100/200-period averages showed price above the 100 and 200, indicating longer-term strength.

Momentum Indicators



MACD showed a bullish divergence in the final hours, aligning with the price breakout. RSI approached the 70 level, suggesting potential overbought conditions. However, the recent surge appears to be well-supported by volume, reducing immediate reversal risks.

Volatility & Bollinger Bands


Bollinger Bands expanded significantly during the 12–16:00 ET window, reflecting heightened volatility. Price remained above the 20-period moving average within the upper band for much of the session, suggesting a continuation of the bullish trend.

Volume & Turnover Analysis


Volume spiked after 15:00 ET, with the final 6 hours showing 90% of total volume. Turnover increased in tandem, confirming the price movement. No significant price-volume divergence was observed, suggesting strong conviction in the upward move.

Fibonacci Retracements


Fibonacci retracement levels showed resistance at 1.547 (61.8%) and 1.525 (38.2%) based on the recent 5-minute swing. Daily Fibonacci levels aligned closely, suggesting these levels could influence near-term price behavior.

Looking ahead,

NEARUSDT
may test the 1.585–1.590 range if buying pressure continues. However, traders should monitor the 1.545–1.550 zone for potential pullback risks in the next 24 hours.