Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon

Source Fxstreet

Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27.
Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery.
A break and close above $7.95 would invalidate the downleg thesis.

Near Protocol (NEAR) price is trading with a bullish bias, and has completed a full swing recovery following a 42% drop. However, the recovery may be cut short as bears align to sell NEAR token.

Also Read: Near Protocol price poised for a strong rally if history rhymes

Near Protocol price risks 10% correction

After a 55% recovery rally from the April 13 low of $4.27, the Near Protocol price looks primed for a correction. With a huge supply zone hovering above the price between $6.98 and $8.90, the altcoin could make a 10% correction to find initial support around the $6.00 psychological level.

Based on the volume profile indicator, there is a lot of bearish activity near the $7.00 price level, just above the current NEAR token price. Large spikes of the volume profile (grey) have indicated this. These spikes point to many sellers entering the NEAR market at current price levels and could potentially lead to a decrease in price if the selling pressure continues.

A series of bearish spikes on the volume profile could signal a potential trend reversal from bullish to bearish, indicating a shift in market sentiment and direction. For confirmation, traders should watch to see whether the Relative Strength Index (RSI) produces a lower high below the ‘50’ mean level on the daily timeframe.

In a dire case where the $6.00 level fails to hold as support, the Near Protocol price could extend the fall to the 50-day Smooth Moving Average (SMMA) at $5.31, or worse, test the $5.13 support level before a recovery.

NEAR/USDT 1-day chart

On the other hand, if the bulls are able to break above the bearish cloud, confirmed by a daily candlestick close above the midline of the supply zone at $7.95, it would negate the bearish thesis. Such a directional bias could see NEAR price extend the gains to reclaim the $9.01 range high.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

Nov 11, Wed

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Author TradingKey

Yesterday 02: 00

On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

Yesterday 02: 45

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money left Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Author Irene Q.

Yesterday 03: 20

Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.

Popular Symbols