$NEAR technical indicators signal bullish momentum - AMBCrypto Analytics

NEAR has seen mixed performance recently, with its price sitting at $5.10 after 3.92% drop in the last 24 hours. Despite this short-term dip, NEAR posted an impressive 42% gain over the past week, drawing significant market attention. Its 24-hour trading volume surged to $1.67 billion, while the protocol’s market cap stood at $6.42 billion, highlighting strong market interest.

Technically, NEAR is trading between key levels. Support is firmly established at $2.74, a historical buying zone, while resistance at $6.20 presents a crucial barrier for continued upward momentum. If NEAR breaks past this resistance, analysts believe it could rally to $15-$20 in the coming months.

Bollinger Bands on the daily chart are widening, signaling increasing volatility, while the RSI sits at 57.46, indicating neutral to slightly bullish momentum. The MACD shows further strength, with the MACD line above the Signal line and bullish histogram bars suggesting growing upward pressure. All in all, NEAR’s technical setup shows potential for further gains if market conditions align.