Market Overview for NEAR Protocol/Tether (NEARUSDT)

Summary
• NEAR/USDT rose from 1.702 to 1.737 amid rising volume and positive momentum.
• A bullish engulfing pattern formed near 1.710, suggesting a breakout attempt.
• RSI remains in overbought territory, hinting at potential short-term profit-taking.
• Bollinger Bands widened, indicating heightened volatility as price approached upper boundaries.
• Turnover surged in early NY session, confirming strength near 1.73–1.74 levels.

NEAR Protocol/Tether (NEARUSDT) opened at 1.702 on 2026-01-03 12:00 ET and closed at 1.737 by 12:00 ET on 2026-01-04. The 24-hour range was 1.692 to 1.743. Total volume reached 5,463,395.0 and turnover hit 9,345,499.35 USDT.

Structure & Formations

The daily chart shows a clear ascending triangle forming from 1.692 to 1.743, with a breakout above 1.735 signaling bullish intent. On the 5-minute chart, a bullish engulfing pattern emerged at 1.710, suggesting a shift in sentiment. Key support levels appear at 1.705 and 1.698, while resistance is clustered near 1.730 and 1.742.

Moving Averages

On the 5-minute chart, the price closed above the 20-period and 50-period moving averages, reinforcing short-term bullish momentum. The daily chart shows the price comfortably above the 50- and 200-day averages, indicating a longer-term upward trend remains intact.

Momentum Indicators

Relative Strength Index (RSI) reached 72 near the close, signaling overbought conditions and a possible pullback. MACD turned positive and remained above the signal line, suggesting continued upside potential in the near term.

Bollinger Bands

Volatility increased as NEARUSDT approached the upper Bollinger Band near 1.74, with price staying within the channel for most of the session. The widening bands reflect heightened buying pressure amid breakout attempts.

Volume & Turnover

Volume surged in the early NY session, with a large block of 181,532.2 units traded at the 12:15 ET candle, coinciding with a high of 1.735. Turnover confirmed the strength of the move, with no divergence noted between price and volume.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart show the price finding resistance at 1.73–1.736, aligning with the 61.8% retracement of a recent bullish swing. The 38.2% level at 1.725 has held as support and then resistance multiple times.

NEAR/USDT appears to be in a strong short-to-medium-term uptrend, with price consolidating near key psychological levels. A continuation above 1.742 may signal a new wave of buying, but traders should remain cautious of a pullback to test 1.725–1.730. Risk of volatility remains elevated ahead of the next 24 hours.