Market Overview: NEAR Protocol/Tether (NEARUSDT) 24-Hour Technical Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Friday, Jan 16, 2026 3:40 pm ET1min read
NEAR
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Aime RobotAime Summary

- NEARUSDT fell below 1.72 after failed 1.75 retests, forming bearish engulfing patterns at key levels.

- RSI showed overbought conditions (68-70) before sharp drop, now in mid-40s with bearish divergence from price.

- Volatility spiked 15:30-16:30 ET as price broke below Bollinger Bands' lower band, with volume confirming breakdown.

- Price consolidates near 1.72 Fibonacci retracement (61.8%), with 1.695 level signaling potential aggressive bear phase if broken.

Summary
• Price dropped below 1.72 after a failed attempt to reclaim 1.75, with bearish engulfing patterns at key levels.
• Volatility spiked during the 15:30–16:30 ET window, coinciding with a 4.3% drop in

NEARUSDT
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• RSI signaled overbought conditions early, followed by bearish divergence as price fell below the 50-period MA.

NEAR Protocol/Tether (NEARUSDT) opened at 1.74 on 2026-01-15 12:00 ET and closed at 1.729 on 2026-01-16 12:00 ET, hitting a high of 1.751 and a low of 1.677. Total volume was 11,620,745.8 and turnover reached $2,346,209.98.

Structure & Formations


Price showed a key bearish engulfing pattern at 1.75 as it failed to hold above 1.75. The 1.72–1.73 level appears to be a significant support zone, with price bouncing off it multiple times. A potential double-bottom pattern is forming near 1.69, suggesting a possible reversal.

Moving Averages


The 50-period moving average on the 5-minute chart acted as a dynamic resistance, with price failing to cross back above it after the breakdown. On the daily chart, the 200-period MA is currently at ~1.735, a critical psychological level that may see renewed testing in the coming 24 hours.

MACD & RSI


The MACD crossed into bear territory early in the session, confirming the downtrend. RSI showed overbought conditions at 68–70 before the sharp drop and has since fallen to mid-40s, suggesting moderate oversold conditions but not extreme. A bearish divergence appears as RSI fails to rise with price during attempted rallies.

Bollinger Bands


Volatility expanded significantly during the 15:30–16:30 ET period as price broke below the lower band. The bands have since narrowed, suggesting a potential for another price breakout. Price currently trades near the lower band, indicating a bearish bias unless a strong reversal occurs.

Volume & Turnover


Volume surged during the 15:30–16:30 ET window, confirming the breakdown below 1.72. However, the most recent rally from 1.69 to 1.73 occurred on relatively modest volume, raising questions about conviction. Turnover and price action appear to be diverging as buyers have not shown consistent strength.

Fibonacci Retracements

The recent 5-minute swing from 1.751 to 1.677 shows price currently sitting at the 61.8% retracement level (~1.719–1.721), suggesting a key area for potential support or consolidation. A break below 1.695 (38.2% of the daily move) would signal a more aggressive bear phase.

Price may consolidate near 1.72–1.73 in the short term, but a sustained break below 1.69 could reaccelerate the decline. Investors should monitor volume and RSI for signs of exhaustion or renewed buying interest.