Market Overview for NEAR Protocol/Tether (NEARUSDT)

Summary
• NEARUSDT tested 1.690–1.695 support before rebounding.
• Volume surged during 18:30–19:30 ET, confirming bearish momentum.
• 5-minute RSI and MACD suggest price may consolidate near 1.700–1.710.
• Volatility increased as Bollinger Bands expanded after 20:00 ET.
• Fibonacci retracement levels at 1.695 and 1.710 appear relevant.

At 12:00 ET on 2026-01-10, NEAR Protocol/Tether (NEARUSDT) opened at 1.735, reached a high of 1.748, and a low of 1.675, closing at 1.713. Total volume over 24 hours was 7,672,605.5, and notional turnover amounted to 12,921,720.28 USDT.

Structure & Formations

Price moved within a descending channel on the 5-minute chart, with key support at 1.690–1.695 and resistance forming around 1.710–1.715. A bullish engulfing pattern emerged briefly near 1.680 during the overnight hours, suggesting short-term buying pressure, though bearish momentum reasserted afterward.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs showed a bearish crossover, with price below both. Daily moving averages (50/100/200) remained more neutral, with price hovering above all three but underperforming its 50-day average. This suggests short-term bearishness but no major trend reversal on daily timeframes.

MACD & RSI

MACD crossed below the signal line during the late afternoon, confirming bearish momentum. RSI oscillated between oversold (30–35) and neutral levels, indicating potential short-term buying opportunities but not strong overbought conditions. A divergence between RSI and price was observed during 18:30–19:30 ET, which may signal a pullback.

Bollinger Bands

Bollinger Bands widened significantly after 20:00 ET, indicating rising volatility. Price spent most of the session in the lower half of the bands, suggesting bearish bias, but recent trades have pushed it closer to the midline, signaling potential consolidation.

Volume & Turnover

Volume spiked between 18:30 and 19:30 ET, coinciding with a sharp drop to 1.685. Notional turnover mirrored volume patterns, showing strong bearish confirmation during that window. Divergences appeared later as price rebounded but volume declined, suggesting possible exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the recent 5-minute swing from 1.675 to 1.713, key retracement levels at 38.2% (1.695) and 61.8% (1.706) appear to act as support and resistance. On daily charts, the 61.8% level of the prior month's range at around 1.725 appears to be a near-term hurdle.

Price appears to be consolidating near 1.700–1.710, with a potential test of the 1.695 support level ahead. A break below that could open the door to a retest of 1.680–1.685. While short-term momentum is bearish, traders should remain cautious of a rebound amid mixed oscillator signals.