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Bullish price forecast for the near future is $6.572 to $11.937.
The NEAR price will soon surpass $15 as well.
For 2022, an NEARLY pessimistic market price projection is $3.065.
In NEAR Protocol (NEAR) price forecast 2022, we examine the cryptocurrency’s potential movement using statistics, price trends, RSI, RVOL, and other NEAR data.
NEAR Protocol (NEAR) is now trading for $5.88 on CoinGecko, with a 24-hour trading volume of $219,388,420. NEAR, however, has risen to 12% over the previous 24 hours.
Additionally, there are 755,775,027 NEAR in circulation thanks to the NEAR Protocol (NEAR). NEAR is now traded on platforms for cryptocurrencies including Binance, OKX, MEXC, Bybit, and BitCoke.
A decentralised application platform for Internet apps is the NEAR protocol. Nightshade, a Proof-of-Stake (PoS) consensus algorithm that enables scalability and steady rates, powers the network. NEAR is its native token.
The goal of NEAR Protocol is to provide a platform that is user- and developer-friendly. In order to fulfil this aim, NEAR has included features like the ability for new users to engage with dAppas and smart contracts without ever needing a wallet, as well as the option to utilise human-readable account names rather than just cryptographic wallet addresses.
Currently, NEAR Protocol (NEAR) is ranked 28th on CoinGecko. Below, a weekly time period is used to demonstrate NEAR price projection 2022.
The price movement enclosed between two parallel upward-sloping lines is known as an ascending channel. Higher highs and lower lows in this pricing pattern set it apart from others. Drawing a lower trend line that links the swing lows and an upper channel line that connects the swing highs results in an ascending channel.
Price frequently breaks out of the ascending channel’s parallel lines and forms regions of support and resistance that traders can use to create stop-loss orders and profit goals. A breakdown below an ascending channel may signal a shift in trend, but a breakout above one would suggest a continuation of the upward trend.
NEAR Protocol (NEAR) is trading at $5.88 right now. The price of NEAR may rise to the resistance levels of $5.772 and $7.618 if the pattern holds. The price of NEAR could drop to $4.637, $3.641, and $3.069 if the trend changes.
The NEAR Protocol’s (NEAR) support and resistance levels are depicted in the chart below.
We can plainly identify the following as the resistance and support levels of the NEAR Protocol based on the daily time frame mentioned above (NEAR).
|Resistance Level 1||$6.572|
|Resistance Level 2||$9.376|
|Resistance Level 3||$11.937|
|Support Level 1||$4.450|
|Support Level 2||$3.065|
The charts demonstrate that over the past month, NEAR has had a bullish trend. If this pattern holds, NEAR might push through its $11.937 resistance level by running with the bulls.
Therefore, if investors start to lose interest in cryptocurrencies, the price of the NEAR might crash to around $3.065, which would be a bearish indication.
The figure below displays the Relative Volume (RVOL) of the NEAR Protocol (NEAR). It is a measure of how the current trading volume for traders has changed over time from the prior volume. Indicating weak players in the current trend, the RVOL of NEAR now sits below the cutoff line.
Additionally, the following chart displays the Moving Average (MA) of the NEAR Protocol (NEAR). Notably, the NEAR price is in a rising trend because it marginally exceeds the 50 MA (short-term). NEAR is now experiencing a bullish phase. A change in the NEAR’s trend could happen at any time.
In the meantime, the NEAR’s relative strength index (RSI) is at a level of 64.79. This indicates that NEAR is overbought. However, this inspires traders to engage in risk-free trading.
Let’s examine the NEAR Protocol’s Average Directional Index (ADX). It aids in determining the trend’s overall strength. The indicator is the mean of values within an expanding price range. Using DMI indicators and ADX, this approach tries to gauge how strongly prices move in both positive and negative directions.
The ADX of the NEAR Protocol is depicted in the above graph (NEAR). NEAR is currently in the area of 33.843, which shows a strong trend.
The above graph shows the NEAR Protocol’s Relative Volatility Index (RVI) (NEAR). Instead of measuring price changes, RVI evaluates the continuous deviation of price changes over time. The NEAR RVI is above 50, which denotes greater volatility. NEAR’s RSI is really at 64.79, indicating a possible purchase signal.
The price comparison between Bitcoin, Ethereum, and NEAR Protocol (NEAR) is displayed in the chart below.
We may infer that ETH, BTC, and NEAR are trending in a similar direction from the preceding chart. This suggests that ETH and NEAR prices rise or fall in response to changes in the price of BTC, respectively.
Price Prediction for NEAR Protocol (NEAR) in 2023
NEAR Protocol (NEAR) might likely reach $16.5 by 2023 if the trend reverses and the price decline entirely stops down.
Price Prediction for NEAR Protocol (NEAR) in 2024
Network upgrades may cause NEAR Protocol (NEAR) to go in a bullish direction. NEAR may rise to $18.6 by 2024 if the coin attracts the interest of significant investors.
Price Prediction for NEAR Protocol (NEAR) in 2025
NEAR Protocol (NEAR) would increase to $20 if significant resistance levels are maintained and NEAR remains regarded as a superior investment choice by investors for the ensuing three years.
Price Prediction for NEAR Protocol (NEAR) in 2026
NEAR Protocol (NEAR) would increase to $23 if key resistance levels are maintained and NEAR remains regarded as a superior investment choice by investors for the ensuing four years.
Price Prediction for NEAR Protocol (NEAR) in 2027
NEAR Protocol (NEAR) would increase to $27 if key resistance levels are maintained and NEAR remains regarded as a superior investment choice by investors for the ensuing five years.
Price Prediction for NEAR Protocol (NEAR) in 2028
If NEAR Protocol (NEAR) maintains a strong position as a superior investment choice over the next six years, it may experience large price increases. Thus, NEAR would reach $31 by 2028.
Price Prediction for NEAR Protocol (NEAR) in 2029
NEAR Protocol (NEAR) would experience significant jumps if investors continue to pour money into it and continue to gamble on it. By 2029, NEAR might be worth $36.
Price Prediction for NEAR Protocol (NEAR) in 2030
The crypto community may continue to invest in NEAR Protocol (NEAR) for the next 8 years as the ecosystem develops, which would likely result in huge price increases for the token. NEAR Protocol (NEAR) may therefore reach $40 by 2030.
We may claim that 2022 is a favourable year for NEAR given the NEAR Protocol network’s ongoing development. Because of this, $11.937 is the bullish price forecast for NEAR Protocol (NEAR) in 2022. In contrast, $3.065 is the pessimistic price forecast for NEAR Protocol (NEAR) for 2022.
The NEAR Protocol ecosystem has also advanced and improved, which could boost the performance of NEAR Protocol (NEAR) and attract investors. In the near future, it would also increase to surpass its all-time high (ATH), which is $20.44.
1.What is the NEAR Protocol (NEAR),
The native coin of the decentralised dApps development platform NEAR Protocol is called NEAR. In 2020, the Near Protocol Token (NEAR) was introduced.
Numerous cryptocurrency exchanges, such as Binance, WhiteBIT, Bitrue, Huobi Global, DigiFinex, FMFW.io, KuCoin, AEX, OKX, and HitBTC, have listed NEAR Protocol (NEAR).
With the NEAR platform’s continual improvements and developments, there is a good chance that it may soon reach its ATH.
NEAR Protocol (NEAR) hit a new all-time high (ATH) of $20.44 on January 16, 2022.
One of the active cryptocurrencies that keeps its bullish position is NEAR Protocol (NEAR). If this bullish trend keeps up, NEAR Protocol (NEAR) will eventually reach $15 soon.
By 2023, the price of NEAR Protocol (NEAR) is anticipated to be $16.5.
The price of NEAR Protocol (NEAR) is anticipated to reach $18.6 by
By 2026, the price of NEAR Protocol (NEAR) is anticipated to be $23.
The author’s perspective is the only one expressed in this chart. It is not intended to serve as investment advice. Before investing, TheNewsCrypto crew advises everyone to conduct your own research.