WikiBit 2026-02-03 10:39Ted Hisokawa Feb 02, 2026 15:08 NEAR Protocol trades at $1.21 in oversold territory with RSI at 28.29. Technical
NEAR Price Prediction Summary
• Short-term target (1 week): $1.28-$1.32
• Medium-term forecast (1 month): $1.45-$1.65 range
• Bullish breakout level: $1.85 (Upper Bollinger Band)
• Critical support: $1.16-$1.10
What Crypto Analysts Are Saying About NEAR Protocol
Recent analyst coverage from early January provides insight into NEAR Protocols trajectory. Timothy Morano noted on January 3, 2026: “NEAR Protocol shows bullish momentum with MACD histogram positive and RSI at neutral 56. Analysts target $2.10-$2.35 range as NEAR breaks above Bollinger Band resistance at $1.68.” His target range of $2.10–$2.35 by February 2026 suggests significant upside potential.
Following up on January 6, 2026, Morano reinforced his outlook: “NEAR Protocol trades at $1.77 with bullish MACD momentum targeting $2.25 medium-term. Technical analysis suggests 27% upside potential if resistance breaks.” His February 2026 target of $2.25 aligns with the upper end of previous predictions.
However, current market conditions show NEAR has pulled back significantly from these January levels, creating a potential opportunity for patient investors.
NEAR Technical Analysis Breakdown
NEAR Protocols current technical picture presents a mixed but potentially constructive setup. Trading at $1.21, the token sits well below all major moving averages, with the 7-day SMA at $1.32 and the critical 200-day SMA at $2.23 highlighting the extent of the recent decline.
The RSI at 28.29 places NEAR in deeply oversold territory, typically indicating exhausted selling pressure and potential for a technical bounce. This oversold condition, combined with NEARs position near the lower Bollinger Band at $1.15, suggests the token may be approaching a short-term floor.
The MACD histogram at 0.0000 shows neutral momentum, a potential improvement from deeply negative readings. While the MACD line remains at -0.1117, the flattening histogram could signal that bearish momentum is waning.
Bollinger Band analysis reveals NEAR trading with a %B position of 0.09, meaning its very close to the lower band support at $1.15. Historically, such extreme positions often precede mean reversion moves toward the middle band at $1.50.
NEAR Protocol Price Targets: Bull vs Bear CaseBullish Scenario
The primary upside case for this NEAR price prediction centers on oversold conditions triggering a technical bounce. Initial resistance sits at $1.25, followed by stronger resistance at $1.28. A break above the 7-day SMA at $1.32 would signal the beginning of a more substantial recovery.
The medium-term NEAR Protocol forecast targets the middle Bollinger Band at $1.50, representing a 24% gain from current levels. A sustained move above this level could target the upper Bollinger Band at $1.85, aligning with previous analyst projections.
For the bullish case to materialize, NEAR needs to hold support at $1.16 while RSI begins to recover from oversold levels. Volume expansion above the current 24-hour average of $33.3 million would provide additional confirmation.
Bearish Scenario
The bear case acknowledges that NEAR remains in a clear downtrend, trading below all moving averages. A break below the immediate support at $1.16 could trigger further selling toward the strong support zone at $1.10-$1.15.
Continued weakness could see NEAR testing psychological support at $1.00, though such a move would likely require broader crypto market deterioration. The distance from the 200-day SMA at $2.23 illustrates the significant technical damage that would need to be repaired.
Should You Buy NEAR? Entry Strategy
Current oversold conditions present a potential opportunity for risk-tolerant investors. A staged entry approach makes sense given the technical setup:
Primary entry zone: $1.16-$1.21 (current support cluster)
Stop-loss: $1.08 (below strong support)
Initial target: $1.32 (7-day SMA resistance)
Extended target: $1.50 (middle Bollinger Band)
Risk management remains crucial given NEARs position below all major moving averages. Position sizing should account for potential further downside, with stops clearly defined below the $1.10 support level.
Disclaimer:
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