Market Overview for NEAR Protocol/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 3:23 pm ET1min read
NEAR
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USDT
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Aime RobotAime Summary

- NEARUSDT formed bearish engulfing and reversal patterns between 1.785 and 1.730, indicating strong downward momentum.

- RSI dropped below 30 into oversold territory, while Bollinger Bands expanded, showing increased volatility and price near lower bands.

- High turnover in early hours and volume spikes in lower price zones suggest accumulation or fading momentum above 1.750.

- Key support at 1.700–1.710 emerged after a sharp pullback, with Fibonacci levels at 1.735–1.765 failing to hold, reinforcing the bearish trend.

Summary
• Price action formed bearish engulfing and bearish reversal patterns between 1.785 and 1.730.
• RSI dropped into oversold territory below 30, suggesting potential near-term exhaustion in the selloff.
• Bollinger Bands expanded as volatility increased, with price hovering near lower bands for much of the session.
• Turnover surged in the early hours of the 24-hour period, confirming bearish momentum.
• Volume was higher in lower price zones, suggesting accumulation or fading momentum above 1.750.

Market Overview

The NEAR Protocol/Tether pair (NEARUSDT) opened at 1.772 on 2026-01-17 at 12:00 ET, hitting a high of 1.792 and a low of 1.691 before closing at 1.709 on 2026-01-18 at 12:00 ET. The 24-hour volume was 11,555,211.7 and total turnover reached 19,312,031.80.

Structure and Patterns

A bearish engulfing pattern was evident around 1.785 on the 5-minute chart, followed by a series of lower highs and lower closes. A bearish reversal pattern formed near 1.730 as price failed to reclaim key resistance levels. Key support appears to have developed near 1.700–1.710, where the price consolidated after a sharp pullback.

Moving Averages

Short-term moving averages (20/50-period) on the 5-minute chart crossed below the price action, reinforcing a bearish bias. Daily moving averages (50/100/200) appear to be broadly aligned in a downward trend, with no immediate signs of a reversal.

Momentum and Volatility

Relative Strength Index (RSI) dipped below 30, indicating short-term oversold conditions and potential for a countertrend bounce. Bollinger Bands showed a moderate expansion during the session, with NEARUSDT trading near the lower band for a large portion of the 24-hour period.

Volume and Turnover

Volume and turnover were elevated during the early part of the session, particularly in the 01:00–02:00 ET timeframe, when price fell from 1.765 to 1.730. However, volume declined after 04:00 ET, suggesting fading bearish pressure. Notional turnover dropped below $90,000 in the last 5-minute window, indicating a potential short-term pause in trading activity.

Fibonacci Retracements

Key Fibonacci levels from the 1.691 low to the 1.792 high were 1.735 (38.2%), 1.750 (50%), and 1.765 (61.8%). The price stalled near 1.735 in the late hours of the session and failed to retest higher retracement levels, which may indicate that the bearish trend remains intact.

Looking ahead, the next 24 hours could bring a test of the 1.700–1.710 support range, with a break below 1.700 potentially triggering further downside. Investors should monitor volume and RSI for signs of exhaustion or reversal. As always, market conditions can shift quickly, and a strong news-driven reaction or sudden shift in sentiment could disrupt this technical outlook.