Market Overview for NEAR Protocol/Tether (NEARUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 2, 2026 3:39 pm ET1min read
Aime RobotAime Summary

- NEARUSDT tested 1.620–1.625 support, forming a bullish rebound with a 5-minute engulfing pattern.

- Price surged above 20-period MA, confirmed by MACD crossover and strong 01:30–03:30 ET volume spikes.

- RSI hit overbought levels with divergence, while ascending triangle near 1.634–1.650 suggests potential 1.650 test.

- Key resistance at 1.645–1.650 remains critical; breakdown below 1.620 could signal bearish continuation.

Summary
• NEARUSDT tested and held key support at 1.620–1.625, forming a bullish rebound.
• Price surged above a 20-period moving average, confirming short-term strength.
• RSI shows momentum diverging after overbought levels, suggesting caution.
• Volume spiked during the 01:30–03:30 ET rally, aligning with price highs.
• A potential ascending triangle forms on the 5-min chart near 1.634–1.650.

At 12:00 ET on January 2, NEARUSDT opened at 1.584, reached a high of 1.668, and closed at 1.644 after testing 1.620. Total 24-hour volume was 21,141,656.5 and turnover was 33,960,296.54, indicating strong participation.

Structure & Formations


Price formed a potential ascending triangle on the 5-minute chart, bounded between 1.620 and 1.650. A bullish engulfing pattern appeared at 1.620–1.625 on January 2, confirming short-term support. A doji formed near 1.650 after a sharp 5-minute spike to 1.668, signaling temporary indecision.

Moving Averages and MACD/RSI



The 20-period and 50-period moving averages on the 5-minute chart were crossed above, confirming bullish momentum. The MACD line crossed above zero with a positive histogram, while RSI reached overbought levels but failed to hold above 70, hinting at possible correction.

Volatility and Volume Dynamics


Bollinger Bands widened during the 01:30–03:30 ET rally, showing increased volatility. Price tested the upper band multiple times without breaking through, suggesting resistance at 1.650–1.660. Volume spiked during these rallies, confirming strength, but declined on pullbacks.

Fibonacci and Key Levels

A 61.8% Fibonacci retracement level sits at 1.636 from a recent 1.610–1.668 swing. Price found support near this level and reversed higher. Resistance remains key at 1.645–1.650, with a breakdown below 1.620 signaling potential bearish continuation.

NEARUSDT may test 1.650 in the next 24 hours if bullish momentum continues, but traders should watch for a RSI reversal or a breakdown below 1.630 as early warning signs of a potential pullback.

Comments



Add a public comment...
No comments

No comments yet