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 Forecast: NEAR leads recovery, eyes 100% upswing

Source Fxstreet

Near Protocol price has registered a 21% recovery rally after retesting the $2.57 to $2.70 resistance level.
Investors can expect this bounce to continue until it retests the $5.87 weekly hurdle.
A decisive three-day candlestick close below $2.57 will invalidate the bullish thesis for NEAR.

Near Protocol (NEAR) price shows strong signs of buying pressure as it leads the recovery rally with a 21% upswing in the last three days. The bounce off a key support level could lead to massive gains in the next few days.

Also read: Bitcoin price decline triggers nearly $83 million in liquidations, BTC price recovers from drop below $39,000

Near Protocol price ready to bounce

Near Protocol price breached the $2.57 to $2.70 resistance zone on December 18, 2023. This breakout was followed by a 62% rally, which led to a local top formation at $4.63. As the broader cryptocurrency market suffered a 47% sell-off, NEAR retested the recently flipped hurdle into a support floor.

Despite the short-term correction, Near Protocol price has recovered quickly and rallied 21% in the last three days and currently trades at $2.96. The three-day Relative Strength Index (RSI) is bouncing off the 50-mean level, which adds credence to the continuation of the bounce.

The Awesome Oscillator is in the positive region and is close to retesting its mean level at zero and restarting the bullish momentum.

Going forward, investors can expect Near Protocol price to kickstart a 100% rally to the next key weekly resistance level of $5.87.

Read more: Near Protocol price consolidation hints NEAR could retest $6.50 soon

NEAR/USDT 3-day chart

On the other hand, if the Near Protocol price fails to hold above the $2.57 to $2.70 support level, it would denote a weakness in buying pressure. This outlook could occur due to another sell–off in Bitcoin price, which could collectively cause massive liquidations in altcoins.

In such a case, NEAR could slide 31% to retest the next critical support level at $1.76.

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

Recommended Articles

Oil’s Return to $110 Boosts Fed Hike Expectations, Pressuring Gold for Fourth Day Toward $4,100 On October 21, gold prices continued their adjustment, with gold (XAUUSD) dropping intraday to as low as $4,106, nearing the $4,100 mark and marking its fourth consecutive trading day of

Author TradingKey

13 hours ago

On October 21, gold prices continued their adjustment, with gold (XAUUSD) dropping intraday to as low as $4,106, nearing the $4,100 mark and marking its fourth consecutive trading day of

Housing starts fell to the second-lowest since the pandemic shutdown — with the 10-year at 5.12%, who is left to buy?US housing starts dropped 5.2% to 1.221 million in September, the second-lowest pace since the 2020 pandemic shutdown, and building permits hit a three-and-a-half-year low of 1.400 million. Both figures are worse than they look because July and August were revised up. With the 10-year Treasury at 5.117% — only 19bp below its October 5 peak of 5.311% — and the NAHB builder confidence index at 2012 levels, here are the three numbers, the transmission chain from rates to permits, and the two scenarios into the October 28 FOMC.

Author Irene Q.

16 hours ago

US housing starts dropped 5.2% to 1.221 million in September, the second-lowest pace since the 2020 pandemic shutdown, and building permits hit a three-and-a-half-year low of 1.400 million. Both figures are worse than they look because July and August were revised up. With the 10-year Treasury at 5.117% — only 19bp below its October 5 peak of 5.311% — and the NAHB builder confidence index at 2012 levels, here are the three numbers, the transmission chain from rates to permits, and the two scenarios into the October 28 FOMC.

The Dow gained 500 points and the two AI names that matter fell after hours — Netflix's guide is the tell The Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.

Author Irene Q.

16 hours ago

The Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 21, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.

Author Mitrade

20 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.

Australian Dollar trades near monthly high, above 0.7000 as hawkish RBA offsets USD uptick The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.

Author FXStreet

20 hours ago

The AUD/USD pair trades with a positive bias for the fourth straight day, holding steady above the 0.7000 psychological mark during the Asian session on Wednesday and flirting with the monthly high it touched the previous day.

Popular Symbols