NEAR Price Prediction: Oversold Conditions Signal Potential Recovery to $1.20 by March 2026

NEAR Price Prediction Summary

• Short-term target (1 week): $1.04
• Medium-term forecast (1 month): $1.00-$1.20 range
• Bullish breakout level: $1.24
• Critical support: $0.90

What Crypto Analysts Are Saying About NEAR Protocol

While specific analyst predictions from major crypto influencers are limited in recent days, available forecasts remain cautiously optimistic. According to CoinCodex’s January analysis, NEAR Protocol was projected to reach $1.76 by mid-January, representing potential upside from current levels.

On-chain data suggests that NEAR’s current oversold conditions, combined with its position near Bollinger Band support levels, may present a technical opportunity for recovery. Trading volume remains healthy at over $20 million on Binance alone, indicating continued institutional and retail interest despite the recent price decline.

NEAR Technical Analysis Breakdown

NEAR Protocol’s technical picture presents a classic oversold scenario that often precedes short-term recoveries. The RSI reading of 24.93 places NEAR deep in oversold territory, historically a level where buying interest typically emerges.

The MACD configuration shows bearish momentum with both the MACD line and signal at -0.1560, though the histogram at effectively zero suggests the selling pressure may be stabilizing. This could indicate that the worst of the recent decline may be behind us.

NEAR’s position relative to its Bollinger Bands is particularly noteworthy, with a %B reading of 0.1714 placing it near the lower band at $0.82. This proximity to the lower Bollinger Band often serves as dynamic support and can trigger mean reversion moves back toward the middle band at $1.21.

The moving average structure reveals the extent of NEAR’s recent weakness, trading below all major EMAs and SMAs. The 7-day SMA at $1.02 represents the first significant resistance level, followed by the 20-day SMA at $1.21.

NEAR Protocol Price Targets: Bull vs Bear Case

Bullish Scenario

The NEAR price prediction becomes increasingly attractive if the token can reclaim the $1.00 psychological level. A successful break above the immediate resistance at $1.04 would target the 7-day SMA at $1.02, followed by a move toward $1.21 (20-day SMA).

For a more substantial NEAR Protocol forecast, breaking above the EMA 26 level at $1.24 would signal a genuine trend reversal, potentially opening the door to $1.47 (50-day SMA). The oversold RSI provides significant room for upward movement before reaching overbought conditions.

Bearish Scenario

The bear case for NEAR hinges on a breakdown below the critical support at $0.90. Such a move would likely accelerate selling toward the lower Bollinger Band at $0.82, with further downside potentially targeting the $0.70-$0.75 range.

A failure to hold current support levels, combined with deteriorating broader market conditions, could see NEAR testing multi-month lows. The distance between current price and the 200-day SMA at $2.14 illustrates the significant technical damage that would need to be repaired.

Should You Buy NEAR? Entry Strategy

Current oversold conditions present a potential entry opportunity for risk-tolerant traders, though timing remains crucial. Conservative buyers might consider dollar-cost averaging between $0.93-$0.97, with a strict stop-loss below $0.87.

More aggressive traders could enter near current levels with a target of $1.04, representing the first major resistance. Position sizing should remain modest given the broader technical weakness across longer timeframes.

Risk management is essential, with any position requiring a stop-loss below the strong support at $0.90. The daily ATR of $0.11 suggests reasonable volatility for short-term trades.

Conclusion

The NEAR price prediction suggests a potential short-term recovery driven by oversold technical conditions, with an initial target of $1.04 appearing achievable within the next week. The medium-term NEAR Protocol forecast points to a trading range between $1.00-$1.20, contingent on broader market stability.

While technical indicators suggest a potential bounce, traders should remain cautious given NEAR’s position below all major moving averages. The cryptocurrency remains in a longer-term downtrend that would require significant momentum to reverse.

Disclaimer: This NEAR price prediction is based on technical analysis and should not be considered financial advice. Cryptocurrency investments carry substantial risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock