Market Overview for NEAR Protocol/Tether (NEARUSDT) on 2025-09-26

• • NEAR/USDT dropped 7.3% over 24 hours, closing near a key support level at 2.66
• • Price formed bearish inside bars and bearish divergence in RSI near 2.75–2.80
• • Volatility expanded midday, with a 2.70–2.75 range seeing 45% of total 24-hour volume
• • MACD remained bearish with no sign of bullish crossover, confirming selling pressure

24-Hour Summary

At 12:00 ET on 2025-09-25, NEAR Protocol/Tether (NEARUSDT) opened at 2.865 and closed at 2.661, reaching a high of 2.873 and a low of 2.624 during the 24-hour period. Total volume amounted to 13,557,450.6 NEAR, with a notional turnover of approximately $37,248,320 (based on average price of $2.75).

Structure & Formations

The price action formed a bearish continuation pattern during the afternoon session, particularly with a 15-minute bearish inside bar at 18:15–18:30 ET. A doji appeared at 19:30 ET, indicating indecision at 2.864. The 2.75–2.80 level acted as resistance during the early hours, while 2.70–2.75 became a key zone of congestion and rejection, particularly during the late night and early morning.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing the bearish bias. The 50-period EMA was at ~2.74 at close, while the 100-period and 200-period daily lines were positioned at ~2.79 and ~2.81, respectively, reinforcing the bearish trend.

MACD & RSI

The MACD remained in negative territory with a bearish histogram, and the zero-line crossover failed to materialize, signaling continued selling pressure. RSI dropped into oversold territory (<30) during the early morning hours and has since rebounded to ~36 at 12:00 ET, suggesting potential for a bounce but without strong conviction.

Bollinger Bands

Volatility expanded significantly during the midday session, pushing price to the lower band of the Bollinger Bands at 2.62–2.65. The 2.66–2.70 range currently resides in the lower half of the bands, suggesting that the market could either consolidate or face renewed bearish momentum.

Volume & Turnover

Volume spiked during the 22:45–00:15 ET timeframe, with the largest single 15-minute volume spike at 23:45 ET (~545,179.7 NEAR). Turnover was also highest in this period, confirming the bearish move. However, divergence is seen in the later hours, where volume waned despite price action staying at lows.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level at ~2.67 was tested in the early morning, and a 38.2% retracement at ~2.71 is acting as immediate resistance. On the daily chart, the 61.8% retracement level from the recent high of 2.873 aligns closely with the 15-minute 38.2% level, suggesting a critical consolidation point.

Backtest Hypothesis

A potential backtest strategy could be based on the 20-period EMA crossover and RSI divergence. Specifically, a short entry could be triggered when price closes below the 20-period EMA and RSI shows bearish divergence (<30 RSI with falling price). A stop-loss could be placed above the most recent 15-minute high (e.g., 2.75–2.80), while a take-profit target aligns with the 61.8% Fibonacci level (~2.65). This approach would aim to capitalize on bearish continuation patterns while managing risk through defined entry and exit levels.