Summary
•
traded between 1.433 and 1.545, with a late surge above 1.53.
• Volume spiked during the final 6 hours, especially after 02:30 ET.
• RSI showed overbought conditions late morning, followed by divergence.
• Bollinger Bands expanded after a period of contraction during the overnight dip.
• A bullish engulfing pattern formed around 02:30 ET after a key support bounce.
Opening Summary
At 12:00 ET-1 on 2025-12-25, NEAR Protocol/Tether (NEARUSDT) opened at 1.49 and moved between 1.433 and 1.545 before closing at 1.526 at 12:00 ET. The 24-hour volume was approximately 10.3 million contracts, with a notional turnover of roughly $15.4 million.
Price Action and Structure
The pair exhibited a clear swing low at 1.433 early in the morning, acting as a strong support level from which a recovery began. Price tested this level twice, forming a potential base. A significant bullish engulfing pattern emerged around 02:30 ET as NEARUSDT broke through a key ascending channel, signaling a potential continuation of the upward trend.
Volatility and Indicators
Bollinger Bands displayed a period of contraction during the overnight dip, followed by an expansion as the pair surged higher.
The Relative Strength Index (RSI) showed signs of overbought conditions late morning, which was not confirmed by price, suggesting a possible divergence. The MACD line crossed above the signal line during the upward push, reinforcing the bullish momentum.
Volume and Turnover
Volume remained subdued in the early part of the session but spiked during the final six hours, especially after 02:30 ET when the bullish breakout occurred. This surge in volume provided confirmation for the move. Turnover mirrored the volume pattern, with notable accumulation evident from 02:30 to 06:30 ET.
Forward-Looking Observation and Risk Note
NEARUSDT appears to be in a consolidation phase after the sharp upward move. The next 24 hours could bring a test of the 1.545 high as resistance. Investors should remain cautious as overbought RSI and potential exhaustion may lead to a pullback.
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