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Summary
• Price fell from 1.85 to 1.746, forming a bearish engulfing pattern near 1.83.
• RSI below 30 suggests oversold conditions, though volume remains muted.
• Bollinger Bands widened post-1.795, indicating increased volatility.
• Volume surged at 1.746, confirming a short-term support level.
Price and Volume at a Glance
NEAR Protocol/Tether (NEARUSDT) opened at 1.849 on 2026-01-14 12:00 ET, hit a high of 1.85, a low of 1.72, and closed at 1.746 on 2026-01-15 12:00 ET. Total volume over 24 hours was 12,496,220.0 and turnover was $21,103,172.9.
Price Structure and Candlestick Patterns
Price action revealed a bearish engulfing pattern at 1.83-1.821, signaling potential bearish momentum. A strong doji formed around 1.792-1.788, hinting at indecision. Support appeared reinforced at 1.746-1.742, while resistance remains at 1.795-1.802.

Trend and Momentum Indicators
The 20-period and 50-period moving averages on the 5-minute chart remained bearish, with price below both. The MACD turned negative, reflecting fading bullish momentum. RSI dropped below 30, suggesting oversold conditions, though volume did not confirm strong buying interest.
Volatility and Bollinger Bands
Bollinger Bands widened significantly after 1.795, indicating rising volatility. Price spent much of the session inside the bands, with a brief break below the lower band near 1.72. This may signal a potential bounce or consolidation phase.
Volume and Turnover Analysis
Volume remained moderate until the final 5-minute candles, where a sharp increase at 1.746 confirmed short-term support. Notional turnover followed a similar pattern, suggesting order flow confirmation. No major divergences between price and turnover were observed.
Fibonacci Retracements
Fibonacci levels applied to the 1.85–1.72 swing show 1.755 (38.2%) as a potential minor support and 1.787 (61.8%) as a possible resistance. A break below 1.72 could target 1.705, while a recovery above 1.795 may test 1.815.
Outlook and Risk
NEARUSDT appears to be consolidating near 1.746 with potential for a short-term rebound if buyers step in at 1.72–1.73. However, a failure to hold above 1.746 could trigger further downside. Traders should monitor volume and RSI for signs of exhaustion or reversal.
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