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Summary
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NEAR Protocol/Tether (NEARUSDT) opened at 1.595 on 12:00 ET–1 and traded between 1.584 and 1.615 over the past 24 hours, closing at 1.595 as of 12:00 ET. Total volume amounted to 2.18 million NEAR, with a notional turnover of 3.39 million USD.
The price action reveals a consolidation phase within a 1.585–1.609 range, with multiple attempts to break above 1.603 and retest 1.587. A key 5-minute bullish engulfing pattern formed around 1.585–1.591, indicating short-term buying pressure. On the 5-minute chart, the 20- and 50-period moving averages converge near 1.594, providing a dynamic support/resistance zone.
MACD lines cross near the zero line with mild divergence, while RSI remains in the mid-range (50–60), suggesting neither overbought nor oversold conditions. Bollinger Bands show recent contraction around 1.59–1.596, implying a potential for a breakout in either direction. Volume spikes coincide with key support tests, particularly at 1.585–1.587, where NEARUSDT found temporary buying interest.

Fibonacci retracement levels on the 1.584–1.615 swing suggest possible near-term targets at 1.594 (38.2%) and 1.590 (61.8%). A break above 1.603 or below 1.587 could trigger a more defined directional bias in the next 24 hours. Investors should remain cautious for divergences between volume and price action, which could signal a reversal.
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