Market Overview for NEAR Protocol/Tether (NEARUSDT) – 2025-10-10

• NEARUSDT broke above 3.10 during the session, reaching a high of 3.211.
• Momentum accelerated in early ET hours, with RSI peaking near overbought territory.
• Volatility expanded mid-session, reflected in a widening Bollinger Band.
• Volume surged at key resistance levels, confirming bullish breakouts.
• Fibonacci retracement at 3.065 marked a critical support zone during consolidation.

The NEAR Protocol/Tether (NEARUSDT) pair opened at $2.836 on October 9, 2025, and closed at $3.051 on October 10, 2025, reaching a 24-hour high of $3.211 and a low of $2.809. Total trading volume over the period was 22.8 million NEAR, with a notional turnover of approximately $70 million, indicating active participation across key breakout levels.

On the 15-minute chart, the price exhibited strong bullish momentum from 03:30 to 06:00 ET, forming a strong reversal pattern at the 3.05 level. A bullish engulfing candle at 09:45 ET confirmed the move above 3.06, with subsequent volume confirming the breakout. A key resistance at 3.10 was tested multiple times, finally breaking decisively at 12:45 ET. Support levels at 3.011 and 2.98 were tested and held, preventing a significant pullback.

MACD crossed into positive territory during the breakout phase, confirming bullish momentum. RSI reached overbought levels around 3.211 before retreating, suggesting a potential correction. Bollinger Bands expanded during the breakout, reflecting increased volatility, with the price closing near the upper band, indicating continuation potential. The 20-period EMA was above the 50-period EMA, reinforcing the bullish bias.

Fibonacci retracement levels showed that the 3.065 and 2.98 levels acted as key psychological supports. A 61.8% retracement level at 3.002 appeared to hold during the consolidation phase. Volume and turnover were closely aligned during the bullish phase, with no divergence observed. However, as the pair approached 3.15–3.20, volume began to moderate, suggesting a possible short-term pause.

Backtest Hypothesis
The described strategy involves entering long positions upon a bullish engulfing pattern at key Fibonacci support levels, confirmed by a positive MACD crossover and volume surge. A stop-loss would be placed at the most recent swing low, with a target at the next Fibonacci resistance or Bollinger Band upper boundary. Based on today's data, this approach would have captured the move from 3.065 to 3.211, with a favorable risk-reward ratio. Given the current positioning near 3.05 and a bullish setup on the 15-minute chart, this strategy could be validated over the next 48 hours.