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NEAR Price Prediction: Oversold Bounce Could Target $1.50 by March 2026

NEAR Price Prediction: Oversold Bounce Could Target $1.50 by March 2026 WikiBit 2026-02-02 00:01

Rongchai Wang Feb 01, 2026 15:41 NEAR Protocol trades in deeply oversold territory at $1.16 with RSI at 23.58,

NEAR Protocol has experienced significant selling pressure, dropping to $1.16 with a harsh -6.59% decline in the past 24 hours. However, technical indicators suggest the cryptocurrency may be positioning for a relief rally as oversold conditions intensify.

NEAR Price Prediction Summary

Short-term target (1 week): $1.25-$1.34

Medium-term forecast (1 month): $1.50-$1.89 range

Bullish breakout level: $1.34

Critical support: $1.08

What Crypto Analysts Are Saying About NEAR Protocol

While specific analyst predictions are limited for the immediate term, recent forecasts from earlier January provide context for NEAR Protocols potential trajectory. Timothy Morano previously identified technical strength in NEAR, targeting $2.10-$2.35 based on MACD histogram positivity and neutral RSI levels. However, market conditions have shifted significantly since those predictions.

According to on-chain data and technical analysis platforms, NEAR Protocol‘s current oversold condition represents a potential accumulation opportunity for risk-tolerant investors. The cryptocurrency’s positioning near Bollinger Band support suggests institutional interest may emerge at these levels.

NEAR Technical Analysis Breakdown

NEAR Protocols technical picture reveals a cryptocurrency in severe oversold territory, creating conditions that often precede meaningful bounces. The RSI reading of 23.58 indicates extreme selling pressure, well below the traditional oversold threshold of 30.

The MACD analysis shows bearish momentum with the histogram at 0.0000, suggesting selling pressure may be stabilizing rather than accelerating. This neutral MACD reading, combined with the oversold RSI, creates a potential divergence scenario where technical recovery becomes increasingly probable.

Bollinger Band analysis reveals NEAR trading at -0.0102 relative to the bands, positioning the cryptocurrency almost precisely at the lower band support of $1.17. This technical level has historically provided bounce opportunities, with the middle band at $1.53 representing the primary recovery target.

Moving average analysis shows NEAR trading below all major timeframes, with the 200-day SMA at $2.24 indicating the longer-term downtrend remains intact. However, shorter-term averages at $1.36 (7-day) and $1.53 (20-day) provide realistic near-term targets for any technical recovery.

NEAR Protocol Price Targets: Bull vs Bear CaseBullish Scenario

The bullish case for this NEAR price prediction centers on oversold bounce potential targeting the $1.25 immediate resistance level. Breaking above this threshold could propel NEAR toward the stronger resistance at $1.34, representing approximately 15% upside from current levels.

A sustained move above $1.34 would signal genuine technical recovery, potentially targeting the Bollinger Band middle at $1.53 and eventually the 20-day moving average resistance. In an optimized scenario, NEAR Protocol forecast suggests $1.89 (upper Bollinger Band) as the ultimate recovery target, representing 63% upside potential.

Technical confirmation for bullish momentum would require RSI recovery above 30, MACD histogram turning positive, and successful defense of the $1.17 Bollinger Band support level.

Bearish Scenario

The bearish scenario acknowledges that NEARs position below all moving averages indicates underlying weakness that could persist. Failure to hold $1.17 support would target the immediate support at $1.08, followed by the psychological $1.00 level.

A breakdown below $1.00 would represent a significant technical failure, potentially targeting deeper support levels and invalidating near-term recovery scenarios. The 24-hour trading volume of $37.96 million suggests sufficient liquidity exists for continued downside if selling pressure resumes.

Should You Buy NEAR? Entry Strategy

For traders considering NEAR Protocol positions, the current oversold condition presents a calculated opportunity with defined risk parameters. The optimal entry strategy involves scaling into positions near current levels around $1.16-$1.17, with aggressive buyers potentially waiting for a slight bounce confirmation above $1.20.

Conservative investors should consider dollar-cost averaging approaches, recognizing that further downside to $1.08 remains possible before meaningful recovery begins. A stop-loss below $1.00 would limit downside risk while allowing room for normal volatility.

Position sizing should reflect the high-risk nature of cryptocurrency investments, particularly given NEARs position below major moving averages and ongoing market uncertainty.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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